It is interesting to note that, every year, a substantial number of students at NYCTCM receive some kind of financial aid, and the total amount of the assistance/loans provided stands at $267,184. More information regarding the financial assistance schemes can be accessed on NYCTCM’s official financial aid page at http://www.nyctcm.edu. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period.