Notably, 83% of the students at Kennebec Valley Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,738,393. More information regarding the financial assistance schemes can be accessed on KVCC’s official financial aid page at http://www.kvcc.me.edu/Pages/Financial-Aid/Financial-Aid-Home. Notably, a total of 57% of the applicants to Kennebec Valley Community College receive the Federal Grant every year. In comparison, 83% of the students are awarded the Student Grant, 41% get the Institution Grant, and 57% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,077, while the same comes to $1,289 for State Grant receivers and $1,153 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $5,246. 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. Candidates are also required to repay these loans within a given period. At KVCC, an estimated number of 46% of the applicants choose to go for student loans.