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 $4,844,437. More information regarding the financial assistance schemes can be accessed on MCA’s official financial aid page at http://mariacollege.edu/admissions/financial-aid/. Notably, a total of 57% of the applicants to Maria College of Albany receive the Federal Grant every year. Meanwhile, 81% of the applicants receive the Student Grant and 14% are awarded the Institution Grant, while 57% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,235, while the same comes to $3,949 for State Grant receivers and $1,590 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $3,308. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Those with a family income below $30,000 per annum, would get an average federal aid of $13,706 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $10,856 and $7,889, respectively. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 76% of the applicants to Maria College of Albany opt for student loans.