Notably, 88% of the students at Oklahoma Technical College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,002,032. The total percentage of candidates applying to Oklahoma Technical College who receive the Federal Grant is 71%. On the other hand, 75% of the candidates get the Student Grant, while 71% receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,577. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At OTC, an estimated number of 62% of the applicants choose to go for student loans.