Notably, 71% of the students at Davidson County Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,414,086. For additional information about financial assistance schemes, one can head over to DCCC’s financial aid page at http://www.davidsonccc.edu/financial-aid. At DCCC, the total percentage of applicants who receive the Federal Grant stands at 55%. On the other hand, 67% of the candidates get the Student Grant, 12% receive the Institution Grant, and 55% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,504, and the same stands at $1,975 for State Grant awardees and $679 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,291. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At DCCC, an estimated number of 14% of the applicants choose to go for student loans.