As many as 99% of the students at MU get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,748,521 in a year. Notably, a total of 53% of the applicants to McMurry University receive the Federal Grant every year. In comparison, 98% of the students are awarded the Student Grant, 96% get the Institution Grant, and 52% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,090, while the same comes to $3,136 for State Grant receivers and $14,588 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,902. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 80% of the applicants to McMurry University opt for student loans.