Notably, around 88% of the students at Miami Lakes Educational Center and Technical College receive some kind of financial aid every year, official data shows. More information regarding the financial assistance schemes can be accessed on MLECTC’s official financial aid page at http://miamilakes.edu/financial-aid/. The total percentage of candidates applying to Miami Lakes Educational Center and Technical College who receive the Federal Grant is 47%. Meanwhile, 88% of the applicants receive the Student Grant and 38% are awarded the Institution Grant, while 43% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $3,341, the State Grant receivers and Institution Grant beneficiaries get $1,498 and $1,298, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,850. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe.