It is interesting to note that almost every student at MCTC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $542,932. Notably, a total of 59% of the applicants to Medical Career & Technical College receive the Federal Grant every year. On the other hand, 70% of the candidates get the Student Grant, while 59% receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,004. 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. Candidates are also required to repay these loans within a given period. At MCTC, an estimated number of 76% of the applicants choose to go for student loans.