It is interesting to note that, every year, around 67% of students at IRSC receive some kind of financial aid, while the total amount of assistance/loans provided is $4,256,434. One can visit IRSC's financial aid page at http://www.irsc.edu/admissions/financialaid/financialaid.aspx?id=362 for more information. At IRSC, the total percentage of applicants who receive the Federal Grant stands at 56%. Meanwhile, 64% of the applicants receive the Student Grant and 10% are awarded the Institution Grant, while 56% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,150, and the same stands at $1,971 for State Grant awardees and $2,452 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $3,854. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 5% of the applicants to Indian River State College opt for student loans.