Students can avail of scholarships provided by the school, such as Art and Helen Nickless Scholarship, Auburn Jaycees Education Scholarship, Bay City Civitan/Marcella Barber Scholarship, and Bay City Kiwanis Educational Scholarship, if they find educational expenses to be on the higher side. As many as 70% of the students at SC get some sort of financial aid, and the total amount of assistance/loans provided is more than $6,560,891 in a year. The total percentage of candidates applying to Schoolcraft College who receive the Federal Grant is 39%. On the other hand, 66% of the candidates get the Student Grant, 36% receive the Institution Grant, and 39% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $3,098, and the same stands at $1,692 for State Grant awardees and $519 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,891. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 SC, an estimated number of 12% of the applicants choose to go for student loans.