Among them are scholarship programs such as Midwest Student Exchange Program, North Dakota Scholars Scholarship, and Western Undergraduate Exchange. As many as 94% of the students at MSU get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,447,996 in a year. The total percentage of candidates applying to Mayville State University who receive the Federal Grant is 40%. In comparison, 85% of the students are awarded the Student Grant, 75% get the Institution Grant, and 38% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,669, while the same comes to $2,055 for State Grant receivers and $2,121 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,942. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At Mayville State University, the percentage of candidates who opt to avail of student loans is around 59%.