Notably, 75% of the students at Valencia College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $34,417,890. More information regarding the financial assistance schemes can be accessed on VC’s official financial aid page at http://valenciacollege.edu/finaid/. The total percentage of candidates applying to Valencia College who receive the Federal Grant is 60%. In comparison, 67% of the students are awarded the Student Grant, 14% get the Institution Grant, and 60% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,576, the State Grant receivers and Institution Grant beneficiaries get $2,587 and $1,126, respectively. And, for the Pell Grant awardees, the average aid amount is $4,353. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At VC, an estimated number of 19% of the applicants choose to go for student loans.