Interestingly, almost all of the students at NMCC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $1,361,956 in a year. For additional information about financial assistance schemes, one can head over to NMCC’s financial aid page at http://www.nmcc.edu/admissions-financial-aid/admissions/overview/. At NMCC, the total percentage of applicants who receive the Federal Grant stands at 75%. On the other hand, 94% of the candidates get the Student Grant, 70% receive the Institution Grant, and 75% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,612, and the same stands at $1,323 for State Grant awardees and $1,336 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,385. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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 NMCC, an estimated number of 55% of the applicants choose to go for student loans.