Such schemes include Albert M. Lappin Scholarship, Hansen Leaders of Tomorrow, Hansen Student Scholarship, and Hugh A. Smith Scholarship. As many as 88% of the students at MATC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,386,246 in a year. One can visit MATC's financial aid page at https://manhattantech.edu/paying-for-manhattan-tech/financial-aid for more information. Notably, a total of 45% of the applicants to Manhattan Area Technical College receive the Federal Grant every year. Meanwhile, 57% of the applicants receive the Student Grant and 18% are awarded the Institution Grant, while 45% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,766, and the same stands at $2,674 for State Grant awardees and $708 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,634. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Manhattan Area Technical College, the percentage of candidates who opt to avail of student loans is around 65%.