As many as 91% of the students at MVCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $7,690,505 in a year. One can visit MVCC's financial aid page at http://www.mvcc.edu/financial-aid for more information. The total percentage of candidates applying to Mohawk Valley Community College who receive the Federal Grant is 68%. On the other hand, 83% of the candidates get the Student Grant, while 68% receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,391, while the same comes to $2,680 for State Grant receivers and $3,832 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $5,394. 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. 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 37% of the applicants to Mohawk Valley Community College opt for student loans.