Notably, 94% of the students at Mid-Plains Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,963,958. At MPCC, the total percentage of applicants who receive the Federal Grant stands at 38%. On the other hand, 89% of the candidates get the Student Grant, 76% receive the Institution Grant, and 38% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,905, the State Grant receivers and Institution Grant beneficiaries get $738 and $3,012, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,059. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 30% of the applicants to Mid-Plains Community College opt for student loans.