Among them are scholarship programs such as Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Heriberto Flores Scholarship, and MASSGrant Program. Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $16,655,485. For additional information about financial assistance schemes, one can head over to MC’s financial aid page at https://www.merrimack.edu/aid/. At MC, the total percentage of applicants who receive the Federal Grant stands at 18%. In comparison, 99% of the students are awarded the Student Grant, 99% get the Institution Grant, and 18% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,979, and the same stands at $1,465 for State Grant awardees and $22,521 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,608. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $27,981 on average in a year. The average aid amount stands at $26,083 for an annual family income between $30,001 and $48,000. This amount comes to $24,059 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $21,948 for those with an annual family income between $75,001 and $110,000, and at $17,460 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 76% of the applicants to Merrimack College opt for student loans.