It is interesting to note that almost every student at MCC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $1,165,182. At MCC, the total percentage of applicants who receive the Federal Grant stands at 67%. In comparison, 67% of the students are awarded the Student Grant, 1% get the Institution Grant, and 67% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $2,990. 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. 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 67% of the applicants to Milwaukee Career College opt for student loans.