It is interesting to note that, every year, around 59% of students at OCC receive some kind of financial aid, while the total amount of assistance/loans provided is $6,808,643. For additional information about financial assistance schemes, one can head over to OCC’s financial aid page at http://www.ocean.edu/content/public/study-on-campus/paying-for-college/financial-aid.html. The total percentage of candidates applying to Ocean County College who receive the Federal Grant is 42%. In comparison, 49% of the students are awarded the Student Grant, 1% get the Institution Grant, and 42% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,755, while the same comes to $1,861 for State Grant receivers and $1,104 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,949. 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. Candidates are also required to repay these loans within a given period. At OCC, an estimated number of 15% of the applicants choose to go for student loans.