Among them are scholarship programs such as Joseph P. Gavenonis Scholarship and Technology Scholarship. It is interesting to note that, every year, around 98% of students at LTI receive some kind of financial aid, while the total amount of assistance/loans provided is $974,751. At LTI, the total percentage of applicants who receive the Federal Grant stands at 82%. On the other hand, 90% of the candidates get the Student Grant, 12% receive the Institution Grant, and 82% get the Pell Grant. While the Federal Grant awardees receive an average aid of $6,435, the State Grant receivers and Institution Grant beneficiaries get $5,393 and $2,617, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,425. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 Laurel Technical Institute, the percentage of candidates who opt to avail of student loans is around 86%.