It is interesting to note that, every year, around 99% of students at OCC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,818,030. One can visit OCC's financial aid page at http://occ.edu/financialaid for more information. At OCC, the total percentage of applicants who receive the Federal Grant stands at 47%. Meanwhile, 99% of the applicants receive the Student Grant and 98% are awarded the Institution Grant, while 47% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,117. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $7,226 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $9,452 and $6,543, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $3,836. And, for those with a family income of more than $110,000, the amount stands at $4,288. 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 59% of the applicants choose to go for student loans.