It is interesting to note that, every year, around 97% of students at ICC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,289,391. More information regarding the financial assistance schemes can be accessed on ICC’s official financial aid page at http://www.iccms.edu/Default.aspx?tabid=85. At ICC, the total percentage of applicants who receive the Federal Grant stands at 66%. Meanwhile, 93% of the applicants receive the Student Grant and 53% are awarded the Institution Grant, while 66% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,238, and the same stands at $643 for State Grant awardees and $2,404 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,660. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At ICC, an estimated number of 14% of the applicants choose to go for student loans.