Notably, 75% of the students at Manchester Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $7,228,668. More information regarding the financial assistance schemes can be accessed on MCC’s official financial aid page at http://www.mccnh.edu/admissions/financial-aid. At MCC, the total percentage of applicants who receive the Federal Grant stands at 40%. On the other hand, 44% of the candidates get the Student Grant, 4% receive the Institution Grant, and 40% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,836, and the same stands at $1,253 for State Grant awardees and $621 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,374. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 63% of the applicants to Manchester Community College opt for student loans.