As many as 98% of the students at CU get some sort of financial aid, and the total amount of assistance/loans provided is more than $6,081,948 in a year. At CU, the total percentage of applicants who receive the Federal Grant stands at 49%. In comparison, 96% of the students are awarded the Student Grant, 77% get the Institution Grant, and 49% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,795, and the same stands at $3,723 for State Grant awardees and $6,447 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,679. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 51% of the applicants choose to go for student loans.