It is interesting to note that, every year, around 45% of students at FMTC receive some kind of financial aid. Notably, a total of 28% of the applicants to Fort Myers Technical College receive the Federal Grant every year. On the other hand, 45% of the candidates get the Student Grant, 8% receive the Institution Grant, and 28% get the Pell Grant. While the Federal Grant awardees receive an average aid of $3,917, the State Grant receivers and Institution Grant beneficiaries get $1,078 and $300, respectively. And, for the Pell Grant awardees, the average aid amount is $3,813. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period.