A significant number of students at MCOME receive some kind of financial aid, and the total amount of assistance/loans provided is more than $33,250 in a year. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $1,509. 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.