Such schemes include CCNMA Scholarship, Cal Grant A, Cal Grant B, and College Fee Waiver. As many as 75% of the students at LAMC get some sort of financial aid, and the total amount of assistance/loans provided is more than $852,097 in a year. For additional information about financial assistance schemes, one can head over to LAMC’s financial aid page at http://www.lamission.edu/Financialaid/Home.aspx. At LAMC, the total percentage of applicants who receive the Federal Grant stands at 46%. In comparison, 75% of the students get the Student Grant, and 46% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,762. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe.