It is interesting to note that, every year, around 76% of students at SCAT receive some kind of financial aid, while the total amount of assistance/loans provided is $4,153,290. Notably, a total of 51% of the applicants to Spartan College of Aeronautics and Technology receive the Federal Grant every year. On the other hand, 51% of the candidates get the Student Grant, 3% receive the Institution Grant, and 51% get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,677. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 66% of the applicants to Spartan College of Aeronautics and Technology opt for student loans.