As many as 95% of the students at MESAC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,607,257 in a year. Notably, a total of 90% of the applicants to Mildred Elley School-Albany Campus receive the Federal Grant every year. Meanwhile, 94% of the applicants receive the Student Grant and 8% are awarded the Institution Grant, while 90% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,537, the State Grant receivers and Institution Grant beneficiaries get $2,308 and $590, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,370. 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. Candidates are also required to repay these loans within a given period. At MESAC, an estimated number of 90% of the applicants choose to go for student loans.