It is interesting to note that, every year, around 86% of students at SPC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,291,318. For additional information about financial assistance schemes, one can head over to SPC’s financial aid page at http://www.alamo.edu/district/financial-aid/. At SPC, the total percentage of applicants who receive the Federal Grant stands at 70%. Meanwhile, 85% of the applicants receive the Student Grant and 10% are awarded the Institution Grant, while 70% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,223, while the same comes to $2,134 for State Grant receivers and $2,041 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,258. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At SPC, an estimated number of 7% of the applicants choose to go for student loans.