As many as 73% of the students at MCC receive some kind of financial aid, shows the latest data. More information regarding the financial assistance schemes can be accessed on MCC’s official financial aid page at http://www.mayland.edu/financial-aid. At MCC, the total percentage of applicants who receive the Federal Grant stands at 63%. On the other hand, 73% of the candidates get the Student Grant, 25% receive the Institution Grant, and 63% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,260, while the same comes to $1,017 for State Grant receivers and $1,165 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,105. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe.