It is interesting to note that, every year, around 63% of students at TC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,926,958. The total percentage of candidates applying to Triton College who receive the Federal Grant is 49%. On the other hand, 59% of the candidates get the Student Grant, 15% receive the Institution Grant, and 49% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,785, the State Grant receivers and Institution Grant beneficiaries get $1,192 and $4,093, respectively. And, for the Pell Grant awardees, the average aid amount is $3,858. 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. 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. At TC, an estimated number of 5% of the applicants choose to go for student loans.