Notably, 95% of the students at Clark University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $7,834,422. For additional information about financial assistance schemes, one can head over to CU’s financial aid page at http://www.clarku.edu/admissions/financialaid/. The total percentage of candidates applying to Clark University who receive the Federal Grant is 20%. In comparison, 93% of the students are awarded the Student Grant, 93% get the Institution Grant, and 20% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,437, while the same comes to $1,220 for State Grant receivers and $24,820 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,545. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $30,673 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $32,047 and $32,009, respectively. On the other hand, the average federal aid stands at $28,869 for those with an annual family income between $75,001 and $110,000, and at $18,135 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CU, an estimated number of 60% of the applicants choose to go for student loans.