As many as 80% of the students at FTC get some sort of financial aid, and the total amount of assistance/loans provided is more than $21,020,904 in a year. The total percentage of candidates applying to Florida Technical College who receive the Federal Grant is 80%. Meanwhile, 80% of the applicants receive the Student Grant and 8% are awarded the Institution Grant, while 80% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,333, the State Grant receivers and Institution Grant beneficiaries get $695 and $1,413, respectively. And, for the Pell Grant awardees, the average aid amount is $4,521. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Candidates are also required to repay these loans within a given period. At FTC, an estimated number of 60% of the applicants choose to go for student loans.