It is interesting to note that, every year, around 99% of students at LTC receive some kind of financial aid, while the total amount of assistance/loans provided is $613,524. One can visit LTC's financial aid page at http://www.iecc.edu/financial for more information. At LTC, the total percentage of applicants who receive the Federal Grant stands at 47%. Meanwhile, 99% of the applicants receive the Student Grant and 94% are awarded the Institution Grant, while 47% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,319, and the same stands at $1,196 for State Grant awardees and $2,823 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,407. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At LTC, an estimated number of 26% of the applicants choose to go for student loans.