Students can avail of scholarships provided by the university, such as Academic Scholarship, Albert E. And Florence W. Newton Nurse Scholarship, Aldo Freda Legislative Pages Scholarship, and Antonio Cirino Memorial Art Education Fellowship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 97% of students at BU receive some kind of financial aid, while the total amount of assistance/loans provided is $12,369,815. At BU, the total percentage of applicants who receive the Federal Grant stands at 14%. On the other hand, 96% of the candidates get the Student Grant, 96% receive the Institution Grant, and 14% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,076, the State Grant receivers and Institution Grant beneficiaries get $3,768 and $20,701, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,357. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 59% of the applicants choose to go for student loans.