As many as 89% of the students at HCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,786,709 in a year. One can visit HCC's financial aid page at http://www.holmescc.edu/financial_aid/ for more information. Notably, a total of 73% of the applicants to Holmes Community College receive the Federal Grant every year. On the other hand, 84% of the candidates get the Student Grant, 54% receive the Institution Grant, and 62% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,502, while the same comes to $761 for State Grant receivers and $2,046 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,543. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At HCC, an estimated number of 22% of the applicants choose to go for student loans.