Notably, around 85% of the students at Modesto Junior College receive some kind of financial aid every year, official data shows. More information regarding the financial assistance schemes can be accessed on MJC’s official financial aid page at http://www.mjc.edu/studentservices/finaid/. At MJC, the total percentage of applicants who receive the Federal Grant stands at 50%. In comparison, 85% of the students are awarded the Student Grant, 8% get the Institution Grant, and 50% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,188, the State Grant receivers and Institution Grant beneficiaries get $1,909 and $1,003, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,920. 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. 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.