Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,238,101. One can visit MC's financial aid page at http://www.mville.edu/undergraduate-admissions/financial-aid-scholarships for more information. At MC, the total percentage of applicants who receive the Federal Grant stands at 32%. Meanwhile, 100% of the applicants receive the Student Grant and 98% are awarded the Institution Grant, while 32% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,381, while the same comes to $3,206 for State Grant receivers and $24,360 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,096. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $32,450 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $31,819 and $30,662, respectively. Those with an annual income level of $75,001-$110,000 would receive $25,136, while candidates with more than $110,000 of family income receive an average federal aid of $20,588. 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 MC, an estimated number of 51% of the applicants choose to go for student loans.