It is interesting to note that, every year, around 96% of students at MSTCAH receive some kind of financial aid, while the total amount of assistance/loans provided is $3,475,499. At MSTCAH, the total percentage of applicants who receive the Federal Grant stands at 93%. Meanwhile, 94% of the applicants receive the Student Grant, while 93% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,692. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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. At MSTCAH, an estimated number of 83% of the applicants choose to go for student loans.