It is interesting to note that, every year, around 88% of students at MTC receive some kind of financial aid. Notably, a total of 50% of the applicants to Marion Technical College receive the Federal Grant every year. In comparison, 85% of the students are awarded the Student Grant, 31% get the Institution Grant, and 48% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,450, and the same stands at $1,256 for State Grant awardees and $1,354 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,048. 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. 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.