It is interesting to note that, every year, around 91% of students at MTU receive some kind of financial aid, while the total amount of assistance/loans provided is $4,019,237. The total percentage of candidates applying to Montana Technological University who receive the Federal Grant is 28%. On the other hand, 79% of the candidates get the Student Grant, 68% receive the Institution Grant, and 28% get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,477. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. At Montana Technological University, the percentage of candidates who opt to avail of student loans is around 41%.