Notably, 79% of the students at Mount Wachusett Community College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,557,049. More information regarding the financial assistance schemes can be accessed on MWCC’s official financial aid page at http://mwcc.edu/financial/. The total percentage of candidates applying to Mount Wachusett Community College who receive the Federal Grant is 63%. Meanwhile, 71% of the applicants receive the Student Grant and 24% are awarded the Institution Grant, while 47% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $3,848, and the same stands at $1,341 for State Grant awardees and $1,148 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,947. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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. At MWCC, an estimated number of 33% of the applicants choose to go for student loans.