As many as 97% of the students at MC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,810,262 in a year. At MC, the total percentage of applicants who receive the Federal Grant stands at 97%. Meanwhile, 97% of the applicants receive the Student Grant, while 97% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,303. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 MC, an estimated number of 97% of the applicants choose to go for student loans.