Notably, 72% of the students at Hennepin Technical College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,099,244. More information regarding the financial assistance schemes can be accessed on HTC’s official financial aid page at https://www.hennepintech.edu/future-students/financial-aid/index.html. The total percentage of candidates applying to Hennepin Technical College who receive the Federal Grant is 44%. Meanwhile, 56% of the applicants receive the Student Grant and 6% are awarded the Institution Grant, while 44% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,624, and the same stands at $1,889 for State Grant awardees and $970 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $3,273. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At HTC, an estimated number of 31% of the applicants choose to go for student loans.