Among them are scholarship programs such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B. Notably, 59% of the students at MiraCosta College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,031,692. For additional information about financial assistance schemes, one can head over to MC’s financial aid page at http://www.miracosta.edu/studentservices/financialaid/index.html. The total percentage of candidates applying to MiraCosta College who receive the Federal Grant is 43%. In comparison, 59% of the students get the Student Grant, and 43% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,833, and the same stands at $2,447 for State Grant awardees and $500 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,792. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 1% of the applicants to MiraCosta College opt for student loans.