Notably, 86% of the students at Midwest Institute get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,600,927. Notably, a total of 83% of the applicants to Midwest Institute receive the Federal Grant every year. Meanwhile, 83% of the applicants receive the Student Grant, while 83% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,479. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. Every year, around 86% of the applicants to Midwest Institute opt for student loans.