As many as 99% of the students at VMC get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,000,545 in a year. At VMC, the total percentage of applicants who receive the Federal Grant stands at 65%. On the other hand, 99% of the candidates get the Student Grant, 98% receive the Institution Grant, and 65% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,965, the State Grant receivers and Institution Grant beneficiaries get $4,460 and $8,162, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,741. 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. Candidates are also required to repay these loans within a given period. At VMC, an estimated number of 75% of the applicants choose to go for student loans.