It is interesting to note that, every year, around 85% of students at PAC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,632,126. The total percentage of candidates applying to Palo Alto College who receive the Federal Grant is 72%. In comparison, 84% of the students are awarded the Student Grant, 9% get the Institution Grant, and 72% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,209, while the same comes to $1,554 for State Grant receivers and $1,828 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,481. 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. 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. At Palo Alto College, the percentage of candidates who opt to avail of student loans is around 3%.