As many as 72% of the students at MC get some sort of financial aid, and the total amount of assistance/loans provided is more than $429,790 in a year. One can visit MC's financial aid page at http://www.merritt.edu/wp/financial-aid/ for more information. Notably, a total of 41% of the applicants to Merritt College receive the Federal Grant every year. In comparison, 72% of the students get the Student Grant, and 41% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,550. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period.