As many as 86% of the students at LRCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,226,750 in a year. For additional information about financial assistance schemes, one can head over to LRCC’s financial aid page at http://www.lrcc.edu/financial-aid/financialaid.html. Notably, a total of 43% of the applicants to Lakes Region Community College receive the Federal Grant every year. On the other hand, 44% of the candidates get the Student Grant, 1% receive the Institution Grant, and 43% get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,091. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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 LRCC, an estimated number of 71% of the applicants choose to go for student loans.