It is interesting to note that, every year, around 77% of students at GCC receive some kind of financial aid, while the total amount of assistance/loans provided is $646,539. For additional information about financial assistance schemes, one can head over to GCC’s financial aid page at http://www.gatewayct.edu/Offices-Departments/Student-Affairs/Enrollment-Management/Financial-Aid. Notably, a total of 74% of the applicants to Gateway Community College receive the Federal Grant every year. On the other hand, 74% of the candidates get the Student Grant, 47% receive the Institution Grant, and 63% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,350, and the same stands at $3,463 for State Grant awardees and $1,166 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,799. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 3% of the applicants to Gateway Community College opt for student loans.