Notably, 77% of the students at Salem Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $753,630. For additional information about financial assistance schemes, one can head over to SCC’s financial aid page at http://salemcc.edu/financial-aid. Notably, a total of 47% of the applicants to Salem Community College receive the Federal Grant every year. In comparison, 54% of the students are awarded the Student Grant, 1% get the Institution Grant, and 47% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,087. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 SCC, an estimated number of 11% of the applicants choose to go for student loans.