Students can avail of scholarships provided by the university, such as Bellarmine Scholars, Educational Foundation of the KYCPA Scholarships, Fine Arts Scholarship, and Mary Jo Young Dual Credit Scholarship, if they find educational expenses to be on the higher side. Interestingly, almost all of the students at BU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $10,387,172 in a year. At BU, the total percentage of applicants who receive the Federal Grant stands at 31%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 31% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,823, while the same comes to $4,786 for State Grant receivers and $28,913 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,499. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At BU, an estimated number of 64% of the applicants choose to go for student loans.