Among them are scholarship programs such as Florida Polytechnic University Bright Futures Scholarships and Florida Polytechnic University Incentive Scholarship Program. As many as 99% of the students at FPU get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,749,287 in a year. The total percentage of candidates applying to Florida Polytechnic University who receive the Federal Grant is 30%. In comparison, 95% of the students are awarded the Student Grant, 94% get the Institution Grant, and 30% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,514, and the same stands at $4,167 for State Grant awardees and $3,740 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,863. 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. Every year, around 29% of the applicants to Florida Polytechnic University opt for student loans.