Such schemes include James R. Hunt Memorial Scholarship, Larry and Doris Clark Scholarship, Minority Journalism Scholarship, and Nurse Education Assistance Loan Program. Interestingly, almost all of the students at ETC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $701,804 in a year. Notably, a total of 83% of the applicants to ETI Technical College receive the Federal Grant every year. In comparison, 92% of the students are awarded the Student Grant, 25% get the Institution Grant, and 75% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,409. 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 ETC, an estimated number of 75% of the applicants choose to go for student loans.