It is interesting to note that, every year, around 42% of students at WCTC receive some kind of financial aid, while the total amount of assistance/loans provided is $6,976,220. At WCTC, the total percentage of applicants who receive the Federal Grant stands at 19%. On the other hand, 29% of the candidates get the Student Grant, 10% receive the Institution Grant, and 19% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,204, and the same stands at $1,005 for State Grant awardees and $1,175 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $3,150. 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. Candidates are also required to repay these loans within a given period. At WCTC, an estimated number of 24% of the applicants choose to go for student loans.