Notably, 84% of the students at Monroe Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $18,500,868. The total percentage of candidates applying to Monroe Community College who receive the Federal Grant is 63%. In comparison, 79% of the students are awarded the Student Grant, 13% get the Institution Grant, and 63% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,101, the State Grant receivers and Institution Grant beneficiaries get $2,627 and $1,890, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,482. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 34% of the applicants to Monroe Community College opt for student loans.