As many as 97% of the students at BCU get some sort of financial aid, and the total amount of assistance/loans provided is more than $20,863,321 in a year. One can visit BCU's financial aid page at http://www.cookman.edu/financial_aid/index.html for more information. At BCU, the total percentage of applicants who receive the Federal Grant stands at 81%. Meanwhile, 94% of the applicants receive the Student Grant and 49% are awarded the Institution Grant, while 81% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,562, and the same stands at $4,722 for State Grant awardees and $7,489 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $5,088. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $10,473 in a year. The average aid amount stands at $10,189 for an annual family income between $30,001 and $48,000. This amount comes to $7,077 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $6,496. And, for those with a family income of more than $110,000, the amount stands at $6,232. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 85% of the applicants to Bethune-Cookman University opt for student loans.