As many as 61% of the students at BU get some sort of financial aid, and the total amount of assistance/loans provided is more than $377,818 in a year. For additional information about financial assistance schemes, one can head over to BU’s financial aid page at http://www.buc.edu/web2/51_financial_aid.htm. At BU, the total percentage of applicants who receive the Federal Grant stands at 37%. Meanwhile, 61% of the applicants receive the Student Grant and 50% are awarded the Institution Grant, while 37% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,910. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $3,992 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $3,647, while those falling in the $48,001-$75,000 income category get $2,998 a year. On the other hand, the average federal aid stands at $1,768 for those with an annual family income between $75,001 and $110,000, and at $1,768 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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. At BU, an estimated number of 30% of the applicants choose to go for student loans.