It is interesting to note that, every year, around 73% of students at MC receive some kind of financial aid, while the total amount of assistance/loans provided is $872,811. At MC, the total percentage of applicants who receive the Federal Grant stands at 38%. In comparison, 73% of the students are awarded the Student Grant, 45% get the Institution Grant, and 38% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,673, while the same comes to $2,010 for State Grant receivers and $3,714 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,462. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 3% of the applicants to Midland College opt for student loans.