It is interesting to note that, every year, around 86% of students at QCC receive some kind of financial aid, while the total amount of assistance/loans provided is $433,912. At QCC, the total percentage of applicants who receive the Federal Grant stands at 86%. Meanwhile, 86% of the applicants receive the Student Grant, while 86% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,679. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Queen City College, the percentage of candidates who opt to avail of student loans is around 79%.