Such schemes include North Carolina Student Incentive Grant and Triangle Scholarship Program. Interestingly, almost all of the students at MCC receive some sort of financial aid. The total percentage of candidates applying to Martin Community College who receive the Federal Grant is 100%. Meanwhile, 100% of the applicants receive the Student Grant and 11% are awarded the Institution Grant, while 100% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,249, and the same stands at $1,021 for State Grant awardees and $500 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,914. 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. 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 MCC, an estimated number of 9% of the applicants choose to go for student loans.