Notably, 95% of the students at SUNY College of Technology at Canton get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $15,430,814. The total percentage of candidates applying to SUNY College of Technology at Canton who receive the Federal Grant is 65%. Meanwhile, 87% of the applicants receive the Student Grant and 85% are awarded the Institution Grant, while 65% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,874, and the same stands at $4,074 for State Grant awardees and $1,821 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,613. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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. Every year, around 79% of the applicants to SUNY College of Technology at Canton opt for student loans.