Notably, 82% of the students at Northeast Iowa Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,879,104. One can visit NICC's financial aid page at http://www.nicc.edu/financialaid/ for more information. Notably, a total of 46% of the applicants to Northeast Iowa Community College receive the Federal Grant every year. Meanwhile, 67% of the applicants receive the Student Grant and 33% are awarded the Institution Grant, while 46% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,992, while the same comes to $2,208 for State Grant receivers and $591 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,500. 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. 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 NICC, an estimated number of 48% of the applicants choose to go for student loans.