It is interesting to note that, every year, around 89% of students at HGTC receive some kind of financial aid, while the total amount of assistance/loans provided is $15,057,152. The total percentage of candidates applying to Horry-Georgetown Technical College who receive the Federal Grant is 65%. In comparison, 85% of the students are awarded the Student Grant, 1% get the Institution Grant, and 55% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,526, and the same stands at $3,764 for State Grant awardees and $875 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,197. 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. 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 Horry-Georgetown Technical College, the percentage of candidates who opt to avail of student loans is around 39%.