As many as 91% of the students at MGSU get some sort of financial aid, and the total amount of assistance/loans provided is more than $21,048,596 in a year. The total percentage of candidates applying to Middle Georgia State University who receive the Federal Grant is 61%. Meanwhile, 84% of the applicants receive the Student Grant and 8% are awarded the Institution Grant, while 61% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,331, and the same stands at $3,022 for State Grant awardees and $4,898 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $5,017. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Candidates are also required to repay these loans within a given period. At Middle Georgia State University, the percentage of candidates who opt to avail of student loans is around 55%.