Students can avail of scholarships provided by the college, such as Christa McAuliffe Scholarship, Developmental Disabilities, Mental Health, Child Welfare, and Juvenile Justice Workforce Tuition Assistance Program, Edward T. Conroy Memorial Scholarship, and Graduate and Professional Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 53% of students at FCC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,481,092. At FCC, the total percentage of applicants who receive the Federal Grant stands at 28%. Meanwhile, 44% of the applicants receive the Student Grant and 22% are awarded the Institution Grant, while 28% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,249, the State Grant receivers and Institution Grant beneficiaries get $904 and $1,456, respectively. On the other hand, the average aid received by the Pell Grant awardees is $5,130. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Frederick Community College, the percentage of candidates who opt to avail of student loans is around 10%.