As many as 92% of the students at RCC receive some kind of financial aid, shows the latest data. The total percentage of candidates applying to Richmond Community College who receive the Federal Grant is 76%. On the other hand, 92% of the candidates get the Student Grant, 22% receive the Institution Grant, and 76% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $8,221, while the same comes to $1,948 for State Grant receivers and $1,392 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $7,938. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe.