It is interesting to note that, every year, around 75% of students at MC receive some kind of financial aid, while the total amount of assistance/loans provided is $474,687. For additional information about financial assistance schemes, one can head over to MC’s financial aid page at http://www.morton.edu/Costs_and_Financial_Aid/. Notably, a total of 61% of the applicants to Morton College receive the Federal Grant every year. Meanwhile, 73% of the applicants receive the Student Grant and 17% are awarded the Institution Grant, while 61% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,956, and the same stands at $1,137 for State Grant awardees and $2,237 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,050. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 3% of the applicants to Morton College opt for student loans.