As many as 87% of the students at ICC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,191,135 in a year. One can visit ICC's financial aid page at http://www.itascacc.edu/finaid for more information. The total percentage of candidates applying to Itasca Community College who receive the Federal Grant is 62%. On the other hand, 73% of the candidates get the Student Grant, 15% receive the Institution Grant, and 61% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,354, and the same stands at $1,248 for State Grant awardees and $1,300 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,953. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Itasca Community College, the percentage of candidates who opt to avail of student loans is around 51%.