It is interesting to note that, every year, around 88% of students at LCC receive some kind of financial aid, while the total amount of assistance/loans provided is $182,923. One can visit LCC's financial aid page at http://www.luna.edu/financial-aid/ for more information. At LCC, the total percentage of applicants who receive the Federal Grant stands at 56%. Meanwhile, 84% of the applicants receive the Student Grant and 22% are awarded the Institution Grant, while 56% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,424, the State Grant receivers and Institution Grant beneficiaries get $1,011 and $2,710, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,323. 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. 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. Candidates are also required to repay these loans within a given period. At Luna Community College, the percentage of candidates who opt to avail of student loans is around 8%.