It is interesting to note that, every year, around 95% of students at BU receive some kind of financial aid, while the total amount of assistance/loans provided is $14,064,719. More information regarding the financial assistance schemes can be accessed on BU’s official financial aid page at http://butler.edu/financial-aid. Notably, a total of 14% of the applicants to Butler University receive the Federal Grant every year. In comparison, 94% of the students are awarded the Student Grant, 93% get the Institution Grant, and 14% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,375, while the same comes to $7,065 for State Grant receivers and $18,129 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,587. 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 $24,802 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $22,732 and $22,103, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $18,282. And, for those with a family income of more than $110,000, the amount stands at $14,978. 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. At Butler University, the percentage of candidates who opt to avail of student loans is around 48%.