Such schemes include Carnegie Dartlet $10,000 Scholarship, Commitment to Excellence Award, Community Service Scholarship for Multicultural Students, and Dana Associates Program. As many as 95% of the students at MC get some sort of financial aid, and the total amount of assistance/loans provided is more than $7,788,890 in a year. At MC, the total percentage of applicants who receive the Federal Grant stands at 19%. On the other hand, 94% of the candidates get the Student Grant, 94% receive the Institution Grant, and 19% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $7,329, while the same comes to $3,457 for State Grant receivers and $31,534 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,637. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 MC, an estimated number of 55% of the applicants choose to go for student loans.