As many as 49% of the students at SPSCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,851,306 in a year. More information regarding the financial assistance schemes can be accessed on SPSCC’s official financial aid page at http://www.spscc.edu/financial-aid. The total percentage of candidates applying to South Puget Sound Community College who receive the Federal Grant is 36%. In comparison, 43% of the students are awarded the Student Grant, 8% get the Institution Grant, and 36% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,279, while the same comes to $2,792 for State Grant receivers and $2,137 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $3,889. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Candidates are also required to repay these loans within a given period. Every year, around 11% of the applicants to South Puget Sound Community College opt for student loans.