It is interesting to note that, every year, around 80% of students at LCCC receive some kind of financial aid, while the total amount of assistance/loans provided is $206,842. At LCCC, the total percentage of applicants who receive the Federal Grant stands at 80%. On the other hand, 80% of the candidates get the Student Grant, while 80% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,300. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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. At LCCC, an estimated number of 80% of the applicants choose to go for student loans.