Notably, 61% of the students at North Lake College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,251,615. Notably, a total of 46% of the applicants to North Lake College receive the Federal Grant every year. On the other hand, 54% of the candidates get the Student Grant, 5% receive the Institution Grant, and 46% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,729, the State Grant receivers and Institution Grant beneficiaries get $1,606 and $1,983, respectively. And, for the Pell Grant awardees, the average aid amount is $5,091. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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. At NLC, an estimated number of 11% of the applicants choose to go for student loans.