It is interesting to note that almost every student at MSCC receives some kind of financial aid. One can visit MSCC's financial aid page at http://www.midsouthcc.org/index.php/financial-aid for more information. At MSCC, the total percentage of applicants who receive the Federal Grant stands at 40%. In comparison, 80% of the students are awarded the Student Grant, 80% get the Institution Grant, and 40% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,040. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $7,725 in a year. 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.