Students can avail of scholarships provided by the college, such as Art and Helen Nickless Scholarship, Auburn Jaycees Education Scholarship, Bay City Civitan/Marcella Barber Scholarship, and Bay City Kiwanis Educational Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 67% of students at LCC receive some kind of financial aid, while the total amount of assistance/loans provided is $9,679,314. More information regarding the financial assistance schemes can be accessed on LCC’s official financial aid page at http://www.lcc.edu/finaid/. At LCC, the total percentage of applicants who receive the Federal Grant stands at 42%. Meanwhile, 51% of the applicants receive the Student Grant and 15% are awarded the Institution Grant, while 42% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,502, and the same stands at $2,622 for State Grant awardees and $2,185 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,639. 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. Candidates are also required to repay these loans within a given period. Every year, around 25% of the applicants to Lansing Community College opt for student loans.