It is interesting to note that, every year, around 96% of students at MTIS receive some kind of financial aid, while the total amount of assistance/loans provided is $5,140,375. The total percentage of candidates applying to Midwest Technical Institute-Springfield who receive the Federal Grant is 84%. On the other hand, 85% of the candidates get the Student Grant, 11% receive the Institution Grant, and 84% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,830, and the same stands at $8,045 for State Grant awardees and $3,211 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,066. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 84% of the applicants to Midwest Technical Institute-Springfield opt for student loans.