It is interesting to note that, every year, around 87% of students at SCC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,926,613. One can visit SCC's financial aid page at http://www.scciowa.edu/admissions/costaid/finaid/index.aspx for more information. The total percentage of candidates applying to Southeastern Community College who receive the Federal Grant is 49%. On the other hand, 74% of the candidates get the Student Grant, 38% receive the Institution Grant, and 49% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,589, the State Grant receivers and Institution Grant beneficiaries get $3,327 and $3,091, respectively. On the other hand, the average aid received by the Pell Grant awardees is $5,154. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Southeastern Community College, the percentage of candidates who opt to avail of student loans is around 38%.