It is interesting to note that, every year, around 78% of students at MCTC receive some kind of financial aid, while the total amount of assistance/loans provided is $2,029,389. The total percentage of candidates applying to Mountwest Community and Technical College who receive the Federal Grant is 59%. On the other hand, 65% of the candidates get the Student Grant, 16% receive the Institution Grant, and 59% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,712, and the same stands at $2,310 for State Grant awardees and $1,920 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,124. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Mountwest Community and Technical College, the percentage of candidates who opt to avail of student loans is around 37%.