As many as 39% of the students at WTMTC receive some kind of financial aid, shows the latest data. One can visit WTMTC's financial aid page at http://www.mcfattertechnicalcollege.edu/financial-aid/ for more information. Notably, a total of 26% of the applicants to William T McFatter Technical College receive the Federal Grant every year. In comparison, 39% of the students are awarded the Student Grant, 1% get the Institution Grant, and 26% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,228, the State Grant receivers and Institution Grant beneficiaries get $1,400 and $485, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,857. 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.