Notably, 81% of the students at Los Angeles Valley College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,991,524. More information regarding the financial assistance schemes can be accessed on LAVC’s official financial aid page at http://www.lavc.edu/financialaid/index.html. The total percentage of candidates applying to Los Angeles Valley College who receive the Federal Grant is 56%. Meanwhile, 81% of the applicants receive the Student Grant, while 56% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,981. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 LAVC, an estimated number of 2% of the applicants choose to go for student loans.