It is interesting to note that, every year, around 86% of students at SCC receive some kind of financial aid. At SCC, the total percentage of applicants who receive the Federal Grant stands at 60%. Meanwhile, 84% of the applicants receive the Student Grant and 54% are awarded the Institution Grant, while 60% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $8,198, the State Grant receivers and Institution Grant beneficiaries get $1,204 and $3,539, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $7,973. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 SCC, an estimated number of 3% of the applicants choose to go for student loans.