Notably, 76% of the students at Normandale Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $12,861,411. For additional information about financial assistance schemes, one can head over to NCC’s financial aid page at http://www.normandale.edu/financialaid. The total percentage of candidates applying to Normandale Community College who receive the Federal Grant is 51%. In comparison, 62% of the students are awarded the Student Grant, 6% get the Institution Grant, and 51% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,474, while the same comes to $1,198 for State Grant receivers and $1,187 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,561. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At NCC, an estimated number of 24% of the applicants choose to go for student loans.