As many as 99% of the students at OJC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,583,847 in a year. One can visit OJC's financial aid page at http://www.ojc.edu/FinancialAid.aspx for more information. Notably, a total of 60% of the applicants to Otero Junior College receive the Federal Grant every year. On the other hand, 96% of the candidates get the Student Grant, 84% receive the Institution Grant, and 57% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,016, the State Grant receivers and Institution Grant beneficiaries get $1,286 and $4,354, respectively. On the other hand, the average aid received by the Pell Grant awardees is $5,347. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 37% of the applicants to Otero Junior College opt for student loans.