Notably, 95% of the students at East Central College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,764,879. One can visit ECC's financial aid page at http://www.eastcentral.edu/finaid/ for more information. At ECC, the total percentage of applicants who receive the Federal Grant stands at 50%. Meanwhile, 92% of the applicants receive the Student Grant and 8% are awarded the Institution Grant, while 50% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,610, the State Grant receivers and Institution Grant beneficiaries get $2,178 and $2,170, respectively. And, for the Pell Grant awardees, the average aid amount is $3,608. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At East Central College, the percentage of candidates who opt to avail of student loans is around 8%.