Such schemes include Anthony Munoz Foundation Scholarship Fund, James R. Hunt Memorial Scholarship, Larry and Doris Clark Scholarship, and Minority Journalism Scholarship. It is interesting to note that, every year, around 71% of students at SCC receive some kind of financial aid, while the total amount of assistance/loans provided is $18,063,153. The total percentage of candidates applying to Sinclair Community College who receive the Federal Grant is 41%. In comparison, 65% of the students are awarded the Student Grant, 43% get the Institution Grant, and 41% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,632, the State Grant receivers and Institution Grant beneficiaries get $2,598 and $1,883, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,740. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Sinclair Community College, the percentage of candidates who opt to avail of student loans is around 24%.