Notably, around 41% of the students at Sheridan Technical College receive some kind of financial aid every year, official data shows. More information regarding the financial assistance schemes can be accessed on STC’s official financial aid page at http://www.sheridantechnicalcollege.edu/financial-aid/. The total percentage of candidates applying to Sheridan Technical College who receive the Federal Grant is 29%. On the other hand, 41% of the candidates get the Student Grant, 1% receive the Institution Grant, and 29% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,770, the State Grant receivers and Institution Grant beneficiaries get $1,244 and $1,059, respectively. And, for the Pell Grant awardees, the average aid amount is $4,301. 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. Candidates are also required to repay these loans within a given period.