Such schemes include Educational Foundation of the KYCPA Scholarships and Mary Jo Young Dual Credit Scholarship. Notably, 99% of the students at Somerset Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $8,109,739. At SCC, the total percentage of applicants who receive the Federal Grant stands at 75%. On the other hand, 97% of the candidates get the Student Grant, 19% receive the Institution Grant, and 75% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,546, and the same stands at $2,246 for State Grant awardees and $2,652 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,783. 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. 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 Somerset Community College, the percentage of candidates who opt to avail of student loans is around 20%.