Notably, 96% of the students at SUNY College of Technology at Alfred get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $16,185,535. One can visit SCTA's financial aid page at http://www.alfredstate.edu/financial-aid for more information. Notably, a total of 56% of the applicants to SUNY College of Technology at Alfred receive the Federal Grant every year. On the other hand, 85% of the candidates get the Student Grant, 83% receive the Institution Grant, and 55% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,787, while the same comes to $3,686 for State Grant receivers and $2,380 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,587. 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. 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 SCTA, an estimated number of 77% of the applicants choose to go for student loans.