It is interesting to note that almost every student at MC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $4,792,549. Notably, a total of 95% of the applicants to Mayfield College receive the Federal Grant every year. In comparison, 95% of the students get the Student Grant, and 95% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $5,063. 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 Mayfield College, the percentage of candidates who opt to avail of student loans is around 95%.