It is interesting to note that almost every student at MC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $2,940,312. One can visit MC's financial aid page at http://www.methodistcol.edu/financial-aid.aspx for more information. The total percentage of candidates applying to Methodist College who receive the Federal Grant is 33%. On the other hand, 67% of the candidates get the Student Grant, 17% receive the Institution Grant, and 33% get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $2,029. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $4,822 per year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $2,195. And, for those with a family income of more than $110,000, the amount stands at $469. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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. At MC, an estimated number of 100% of the applicants choose to go for student loans.