Among them are scholarship programs such as Arenac County Scholarship, Art and Helen Nickless Scholarship, Auburn Jaycees Education Scholarship, and Bay City Civitan/Marcella Barber Scholarship. Notably, 76% of the students at Northwestern Michigan College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,497,409. Notably, a total of 47% of the applicants to Northwestern Michigan College receive the Federal Grant every year. On the other hand, 59% of the candidates get the Student Grant, 24% receive the Institution Grant, and 47% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,374, while the same comes to $4,101 for State Grant receivers and $2,878 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,427. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At NMC, an estimated number of 32% of the applicants choose to go for student loans.