Notably, 45% of the students at Olympic College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,021,242. At OC, the total percentage of applicants who receive the Federal Grant stands at 27%. In comparison, 36% of the students are awarded the Student Grant, 8% get the Institution Grant, and 25% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,336, and the same stands at $2,471 for State Grant awardees and $1,915 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,319. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 6% of the applicants to Olympic College opt for student loans.