Students can avail of scholarships provided by the college, such as 23rd Street Association Public Affairs Scholarship, Abbott Laboratories Scholarship, Addison Gayle Jr. Scholarship, and Advertising Women of New York, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 77% of students at CBMBC receive some kind of financial aid, while the total amount of assistance/loans provided is $8,386,341. For additional information about financial assistance schemes, one can head over to CBMBC’s financial aid page at http://www.baruch.cuny.edu/undergrad/financialAid.html. Notably, a total of 56% of the applicants to CUNY Bernard M Baruch College receive the Federal Grant every year. Meanwhile, 74% of the applicants receive the Student Grant and 8% are awarded the Institution Grant, while 56% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,462, the State Grant receivers and Institution Grant beneficiaries get $5,480 and $5,534, respectively. And, for the Pell Grant awardees, the average aid amount is $5,056. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 6% of the applicants to CUNY Bernard M Baruch College opt for student loans.