Such schemes include Christa McAuliffe Scholarship, Developmental Disabilities, Mental Health, Child Welfare, and Juvenile Justice Workforce Tuition Assistance Program, Edward T. Conroy Memorial Scholarship, and Graduate and Professional Scholarship. As many as 90% of the students at BSU get some sort of financial aid, and the total amount of assistance/loans provided is more than $21,096,477 in a year. Notably, a total of 59% of the applicants to Bowie State University receive the Federal Grant every year. In comparison, 72% of the students are awarded the Student Grant, 44% get the Institution Grant, and 59% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,063, the State Grant receivers and Institution Grant beneficiaries get $4,520 and $3,479, respectively. And, for the Pell Grant awardees, the average aid amount is $4,608. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 72% of the applicants to Bowie State University opt for student loans.