Notably, 86% of the students at Lake-Sumter State College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,229,954. One can visit LSSC's financial aid page at http://lssc.edu/finaid/Pages/default.aspx for more information. Notably, a total of 44% of the applicants to Lake-Sumter State College receive the Federal Grant every year. On the other hand, 67% of the candidates get the Student Grant, 21% receive the Institution Grant, and 44% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,976, and the same stands at $2,480 for State Grant awardees and $1,746 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $3,702. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At LSSC, an estimated number of 12% of the applicants choose to go for student loans.