It is interesting to note that, every year, around 99% of students at NMCC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,771,836. More information regarding the financial assistance schemes can be accessed on NMCC’s official financial aid page at http://www.nemcc.edu/financial-aid/. Notably, a total of 72% of the applicants to Northeast Mississippi Community College receive the Federal Grant every year. On the other hand, 99% of the candidates get the Student Grant, 70% receive the Institution Grant, and 72% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,437, while the same comes to $655 for State Grant receivers and $2,042 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,476. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At NMCC, an estimated number of 20% of the applicants choose to go for student loans.