Notably, 92% of the students at Murray State College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,283,235. More information regarding the financial assistance schemes can be accessed on MSC’s official financial aid page at http://www.mscok.edu/current_students/financial_aid.aspx. The total percentage of candidates applying to Murray State College who receive the Federal Grant is 63%. In comparison, 88% of the students are awarded the Student Grant, 46% get the Institution Grant, and 63% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,254, while the same comes to $3,474 for State Grant receivers and $3,906 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $3,832. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 77% of the applicants to Murray State College opt for student loans.