As many as 84% of the students at MDC get some sort of financial aid, and the total amount of assistance/loans provided is more than $19,206,864 in a year. More information regarding the financial assistance schemes can be accessed on MDC’s official financial aid page at http://www.mdc.edu/financialaid/. Notably, a total of 71% of the applicants to Miami Dade College receive the Federal Grant every year. On the other hand, 83% of the candidates get the Student Grant, 23% receive the Institution Grant, and 71% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,851, the State Grant receivers and Institution Grant beneficiaries get $1,777 and $2,458, respectively. And, for the Pell Grant awardees, the average aid amount is $4,233. 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. 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 Miami Dade College, the percentage of candidates who opt to avail of student loans is around 2%.