Notably, 56% of the students at Lee College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,648,514. At LC, the total percentage of applicants who receive the Federal Grant stands at 53%. Meanwhile, 56% of the applicants receive the Student Grant and 18% are awarded the Institution Grant, while 39% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $2,934, the State Grant receivers and Institution Grant beneficiaries get $1,547 and $1,931, respectively. And, for the Pell Grant awardees, the average aid amount is $2,651. 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. 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 LC, an estimated number of 6% of the applicants choose to go for student loans.