As many as 75% of the students at MCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $7,228,668 in a year. 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%. In comparison, 44% of the students are awarded the Student Grant, 4% get the Institution Grant, and 40% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,836, the State Grant receivers and Institution Grant beneficiaries get $1,253 and $621, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,374. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 63% of the applicants to Manchester Community College opt for student loans.