It is interesting to note that, every year, around 94% of students at DC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,860,007. Notably, a total of 89% of the applicants to Daytona College receive the Federal Grant every year. In comparison, 89% of the students get the Student Grant, and 88% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,838. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 DC, an estimated number of 87% of the applicants choose to go for student loans.