As many as 92% of the students at VCCM get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,715,452 in a year. At VCCM, the total percentage of applicants who receive the Federal Grant stands at 71%. Meanwhile, 71% of the applicants receive the Student Grant, while 71% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,372. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At VCCM, an estimated number of 88% of the applicants choose to go for student loans.