As many as 85% of the students at HCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,788,179 in a year. One can visit HCC's financial aid page at http://www.hibbing.edu/financial-aid/overview for more information. Notably, a total of 52% of the applicants to Hibbing Community College receive the Federal Grant every year. In comparison, 68% of the students are awarded the Student Grant, 13% get the Institution Grant, and 52% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,314, the State Grant receivers and Institution Grant beneficiaries get $1,846 and $1,539, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,960. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Hibbing Community College, the percentage of candidates who opt to avail of student loans is around 50%.