It is interesting to note that, every year, around 74% of students at ECC receive some kind of financial aid, while the total amount of assistance/loans provided is $6,810,265. Notably, a total of 56% of the applicants to El Centro College receive the Federal Grant every year. On the other hand, 70% of the candidates get the Student Grant, 9% receive the Institution Grant, and 56% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,072, and the same stands at $1,477 for State Grant awardees and $1,378 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $5,208. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At El Centro College, the percentage of candidates who opt to avail of student loans is around 12%.