Notably, 68% of the students at GateWay Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,784,419. One can visit GCC's financial aid page at http://www.gatewayct.edu/Offices-Departments/Student-Affairs/Enrollment-Management/Financial-Aid for more information. Notably, a total of 55% of the applicants to GateWay Community College receive the Federal Grant every year. In comparison, 63% of the students are awarded the Student Grant, 20% get the Institution Grant, and 55% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $3,509. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 11% of the applicants to GateWay Community College opt for student loans.