As many as 95% of the students at USCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $79,069,657 in a year. More information regarding the financial assistance schemes can be accessed on USCC’s official financial aid page at http://www.sc.edu/financialaid/. The total percentage of candidates applying to University of South Carolina-Columbia who receive the Federal Grant is 18%. Meanwhile, 91% of the applicants receive the Student Grant and 68% are awarded the Institution Grant, while 18% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,192, and the same stands at $5,609 for State Grant awardees and $2,836 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,727. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At University of South Carolina-Columbia, the percentage of candidates who opt to avail of student loans is around 49%.