Notably, 99% of the students at Mount Mary University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,663,033. More information regarding the financial assistance schemes can be accessed on MMU’s official financial aid page at http://www.mtmary.edu/costs-aid/index.html. At MMU, the total percentage of applicants who receive the Federal Grant stands at 77%. Meanwhile, 99% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 77% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,323, while the same comes to $3,394 for State Grant receivers and $16,397 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,797. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $27,514 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $27,375, while those falling in the $48,001-$75,000 income category get $21,905 a year. On the other hand, the average federal aid stands at $19,972 for those with an annual family income between $75,001 and $110,000, and at $13,789 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Mount Mary University, the percentage of candidates who opt to avail of student loans is around 85%.