Such schemes include Dr. Allen Smith Memorial Scholarship, Education Foundation Scholarship, Educational Assistance Commitment Grant, and James R. Hunt Memorial Scholarship. As many as 84% of the students at BGSUF get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,143,435 in a year. For additional information about financial assistance schemes, one can head over to BGSUF’s financial aid page at https://www.bgsu.edu/financial-aid.html. Notably, a total of 54% of the applicants to Bowling Green State University-Firelands receive the Federal Grant every year. On the other hand, 62% of the candidates get the Student Grant, 12% receive the Institution Grant, and 54% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,766, and the same stands at $2,511 for State Grant awardees and $1,196 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,279. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At BGSUF, an estimated number of 61% of the applicants choose to go for student loans.