Students can avail of scholarships provided by the college, such as North Carolina Student Incentive Grant and Triangle Scholarship Program, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 59% of students at WTCC receive some kind of financial aid, while the total amount of assistance/loans provided is $34,233,756. One can visit WTCC's financial aid page at http://financialaid.waketech.edu/ for more information. At WTCC, the total percentage of applicants who receive the Federal Grant stands at 38%. On the other hand, 44% of the candidates get the Student Grant, 2% receive the Institution Grant, and 38% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,097, and the same stands at $2,090 for State Grant awardees and $960 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,917. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. At Wake Technical Community College, the percentage of candidates who opt to avail of student loans is around 30%.