As many as 77% of the students at LBCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,181,359 in a year. At LBCC, the total percentage of applicants who receive the Federal Grant stands at 52%. On the other hand, 77% of the candidates get the Student Grant, while 52% receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,048, and the same stands at $1,942 for State Grant awardees and $297 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,844. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 1% of the applicants to Long Beach City College opt for student loans.