Students can avail of scholarships provided by the college, such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 75% of students at HMC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,096,420. For additional information about financial assistance schemes, one can head over to HMC’s financial aid page at https://www.hmc.edu/admission.html. The total percentage of candidates applying to Harvey Mudd College who receive the Federal Grant is 14%. In comparison, 70% of the students are awarded the Student Grant, 70% get the Institution Grant, and 14% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $6,421, the State Grant receivers and Institution Grant beneficiaries get $9,084 and $34,904, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,620. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $58,137 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $61,844, while those falling in the $48,001-$75,000 income category get $58,558 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $46,362. And, for those with a family income of more than $110,000, the amount stands at $22,654. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 41% of the applicants to Harvey Mudd College opt for student loans.