It is interesting to note that, every year, around 80% of students at SCPD receive some kind of financial aid, while the total amount of assistance/loans provided is $996,716. At SCPD, the total percentage of applicants who receive the Federal Grant stands at 67%. In comparison, 67% of the students are awarded the Student Grant, 7% get the Institution Grant, and 67% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,427. 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. 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. At SCPD, an estimated number of 80% of the applicants choose to go for student loans.