It is interesting to note that, every year, around 89% of students at MCC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,952,636. Notably, a total of 89% of the applicants to Midwestern Career College receive the Federal Grant every year. In comparison, 89% of the students are awarded the Student Grant, 18% get the Institution Grant, and 89% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,800. 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. Candidates are also required to repay these loans within a given period. Every year, around 88% of the applicants to Midwestern Career College opt for student loans.