As many as 78% of the students at MA get some sort of financial aid, and the total amount of assistance/loans provided is more than $226,605 in a year. Notably, a total of 72% of the applicants to Mitchells Academy receive the Federal Grant every year. In comparison, 72% of the students get the Student Grant, and 72% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,607. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 50% of the applicants to Mitchells Academy opt for student loans.