As many as 99% of the students at CU get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,838,608 in a year. At CU, the total percentage of applicants who receive the Federal Grant stands at 57%. Meanwhile, 99% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 57% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,159, the State Grant receivers and Institution Grant beneficiaries get $10,136 and $21,664, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,025. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. At CU, an estimated number of 54% of the applicants choose to go for student loans.