It is interesting to note that, every year, around 82% of students at KBOCC receive some kind of financial aid. At KBOCC, the total percentage of applicants who receive the Federal Grant stands at 55%. Meanwhile, 82% of the applicants receive the Student Grant and 18% are awarded the Institution Grant, while 55% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,505. 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. 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.