Notably, 79% of the students at East Los Angeles College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,042,574. For additional information about financial assistance schemes, one can head over to ELAC’s financial aid page at http://www.elac.edu/currentstudents/financialaid/index.htm. Notably, a total of 52% of the applicants to East Los Angeles College receive the Federal Grant every year. Meanwhile, 79% of the applicants receive the Student Grant, while 52% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,886. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period.