As many as 94% of the students at MTC receive some kind of financial aid, shows the latest data. One can visit MTC's financial aid page at http://manateetech.edu/future-students/financial-aid-2/ for more information. The total percentage of candidates applying to Manatee Technical College who receive the Federal Grant is 62%. On the other hand, 90% of the candidates get the Student Grant, 13% receive the Institution Grant, and 50% get the Pell Grant. While the Federal Grant awardees receive an average aid of $2,999, the State Grant receivers and Institution Grant beneficiaries get $1,178 and $375, respectively. And, for the Pell Grant awardees, the average aid amount is $3,769. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period.