Notably, 87% of the students at MacCormac College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,092,772. One can visit MC's financial aid page at http://www.maccormac.edu for more information. At MC, the total percentage of applicants who receive the Federal Grant stands at 83%. In comparison, 87% of the students are awarded the Student Grant, 3% get the Institution Grant, and 83% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $2,638. 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 $3,172 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $1,372 and $1,813, respectively. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 83% of the applicants to MacCormac College opt for student loans.