Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,165,121. At CUB, the total percentage of applicants who receive the Federal Grant stands at 95%. In comparison, 100% of the students are awarded the Student Grant, 89% get the Institution Grant, and 88% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $5,941. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 CUB, an estimated number of 12% of the applicants choose to go for student loans.