It is interesting to note that, every year, around 87% of students at SKC receive some kind of financial aid, while the total amount of assistance/loans provided is $986,417. For additional information about financial assistance schemes, one can head over to SKC’s financial aid page at http://www.skc.edu/financial-aid/. Notably, a total of 62% of the applicants to Salish Kootenai College receive the Federal Grant every year. Meanwhile, 87% of the applicants receive the Student Grant and 53% are awarded the Institution Grant, while 62% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,371. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $5,624 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $4,552, while those falling in the $48,001-$75,000 income category get $614 a year. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SKC, an estimated number of 12% of the applicants choose to go for student loans.