Among them are scholarship programs such as Phillips Community College of the University of Arkansas - National Merit Scholarship. It is interesting to note that, every year, around 95% of students at PCCUA receive some kind of financial aid. For additional information about financial assistance schemes, one can head over to PCCUA’s financial aid page at http://www.pccua.edu/admissions-financial-aid/financial-aid/. Notably, a total of 83% of the applicants to Phillips Community College of the University of Arkansas receive the Federal Grant every year. On the other hand, 91% of the candidates get the Student Grant, 21% receive the Institution Grant, and 83% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,341, while the same comes to $975 for State Grant receivers and $2,044 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,346. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period.