It is interesting to note that, every year, around 90% of students at SOCC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,361,527. More information regarding the financial assistance schemes can be accessed on SOCC’s official financial aid page at http://www.socc.edu/financialaid. At SOCC, the total percentage of applicants who receive the Federal Grant stands at 51%. In comparison, 84% of the students are awarded the Student Grant, 52% get the Institution Grant, and 51% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,376, and the same stands at $2,753 for State Grant awardees and $3,143 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $3,744. 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. 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. Every year, around 36% of the applicants to Southwestern Oregon Community College opt for student loans.