As many as 83% of the students at PC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,479,832 in a year. Notably, a total of 58% of the applicants to Panola College receive the Federal Grant every year. In comparison, 81% of the students are awarded the Student Grant, 42% get the Institution Grant, and 58% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,074, the State Grant receivers and Institution Grant beneficiaries get $1,884 and $4,020, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,751. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 Panola College, the percentage of candidates who opt to avail of student loans is around 18%.