It is interesting to note that, every year, around 92% of students at UNMVCC receive some kind of financial aid, while the total amount of assistance/loans provided is $590,694. One can visit UNMVCC's financial aid page at http://valencia.unm.edu/students/financial-aid/index.html for more information. The total percentage of candidates applying to University of New Mexico-Valencia County Campus who receive the Federal Grant is 67%. On the other hand, 91% of the candidates get the Student Grant, 26% receive the Institution Grant, and 66% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,717, the State Grant receivers and Institution Grant beneficiaries get $1,317 and $1,048, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,250. 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. At UNMVCC, an estimated number of 5% of the applicants choose to go for student loans.