As many as 68% of the students at SCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $430,041 in a year. One can visit SCC's financial aid page at http://www.sccollege.edu/studentservices/financialaid/Pages/default.aspx for more information. The total percentage of candidates applying to Santiago Canyon College who receive the Federal Grant is 33%. On the other hand, 68% of the candidates get the Student Grant, 2% receive the Institution Grant, and 33% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,704, and the same stands at $2,256 for State Grant awardees and $1,250 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,832. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 1% of the applicants to Santiago Canyon College opt for student loans.