It is interesting to note that, every year, around 93% of students at MTC receive some kind of financial aid, while the total amount of assistance/loans provided is $12,114,132. One can visit MTC's financial aid page at https://www.midlandstech.edu/financial-aid-and-tuition for more information. At MTC, the total percentage of applicants who receive the Federal Grant stands at 47%. In comparison, 92% of the students are awarded the Student Grant, 1% get the Institution Grant, and 47% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,797, while the same comes to $3,939 for State Grant receivers and $950 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,697. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 29% of the applicants to Midlands Technical College opt for student loans.