Notably, 96% of the students at Mech-Tech College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,157,397. The total percentage of candidates applying to Mech-Tech College who receive the Federal Grant is 95%. Meanwhile, 95% of the applicants receive the Student Grant, while 95% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,681. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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. At MTC, an estimated number of 15% of the applicants choose to go for student loans.