It is interesting to note that, every year, around 94% of students at UNMTC receive some kind of financial aid, while the total amount of assistance/loans provided is $619,531. One can visit UNMTC's financial aid page at http://taos.unm.edu/student-enrollment/financial-aid/index.html for more information. At UNMTC, the total percentage of applicants who receive the Federal Grant stands at 76%. Meanwhile, 93% of the applicants receive the Student Grant and 27% are awarded the Institution Grant, while 76% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,015, and the same stands at $1,134 for State Grant awardees and $937 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,305. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. At UNMTC, an estimated number of 14% of the applicants choose to go for student loans.