Students can avail of scholarships provided by the college, such as Computer Science Scholarship, English Communications Scholarship, Heriberto Flores Scholarship, and MASSGrant Program, if they find educational expenses to be on the higher side. It is interesting to note that almost every student at MCLA receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $8,734,208. For additional information about financial assistance schemes, one can head over to MCLA’s financial aid page at http://mcla.edu/Admissions/financialaid/index. At MCLA, the total percentage of applicants who receive the Federal Grant stands at 47%. On the other hand, 91% of the candidates get the Student Grant, 88% receive the Institution Grant, and 47% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,856, the State Grant receivers and Institution Grant beneficiaries get $2,290 and $4,296, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,343. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 MCLA, an estimated number of 98% of the applicants choose to go for student loans.