It is interesting to note that, every year, around 80% of students at PC receive some kind of financial aid, while the total amount of assistance/loans provided is $4,863,847. One can visit PC's financial aid page at https://www.phoenixcollege.edu/pay-college/financial-aid for more information. The total percentage of candidates applying to Phoenix College who receive the Federal Grant is 69%. Meanwhile, 77% of the applicants receive the Student Grant and 27% are awarded the Institution Grant, while 69% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,994, and the same stands at $583 for State Grant awardees and $1,104 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,738. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Phoenix College, the percentage of candidates who opt to avail of student loans is around 7%.