Such schemes include Dr. Allen Smith Memorial Scholarship, James R. Hunt Memorial Scholarship, Larry and Doris Clark Scholarship, and Minority Journalism Scholarship. It is interesting to note that almost every student at TNCC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $1,056,790. Notably, a total of 63% of the applicants to The North Coast College receive the Federal Grant every year. Meanwhile, 75% of the applicants receive the Student Grant and 50% are awarded the Institution Grant, while 63% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,690, and the same stands at $927 for State Grant awardees and $1,463 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,173. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At The North Coast College, the percentage of candidates who opt to avail of student loans is around 88%.