It is interesting to note that, every year, around 79% of students at ACMC receive some kind of financial aid, while the total amount of assistance/loans provided is $976,735. At ACMC, the total percentage of applicants who receive the Federal Grant stands at 73%. On the other hand, 73% of the candidates get the Student Grant, while 73% receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,656. 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. 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 ACMC, an estimated number of 54% of the applicants choose to go for student loans.