Notably, 80% of the students at Truckee Meadows Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,805,552. Notably, a total of 51% of the applicants to Truckee Meadows Community College receive the Federal Grant every year. In comparison, 79% of the students are awarded the Student Grant, 24% get the Institution Grant, and 47% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $3,534, and the same stands at $2,501 for State Grant awardees and $1,950 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,304. 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. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 4% of the applicants to Truckee Meadows Community College opt for student loans.