It is interesting to note that, every year, around 63% of students at NC receive some kind of financial aid, while the total amount of assistance/loans provided is $11,054,036. At NC, the total percentage of applicants who receive the Federal Grant stands at 47%. Meanwhile, 52% of the applicants receive the Student Grant and 11% are awarded the Institution Grant, while 47% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,233, and the same stands at $2,567 for State Grant awardees and $2,632 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,470. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Navarro College, the percentage of candidates who opt to avail of student loans is around 33%.