It is interesting to note that, every year, around 95% of students at STCM receive some kind of financial aid, while the total amount of assistance/loans provided is $3,976,507. One can visit STCM's financial aid page at https://www.statetechmo.edu/campus-services/financial-aid/ for more information. At STCM, the total percentage of applicants who receive the Federal Grant stands at 40%. On the other hand, 85% of the candidates get the Student Grant, 6% receive the Institution Grant, and 39% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,576, and the same stands at $6,489 for State Grant awardees and $2,522 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,829. 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. 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. Every year, around 55% of the applicants to State Technical College of Missouri opt for student loans.