Among them are scholarship programs such as ALTRUSA Scholarship, Alice Ann Garner Scholarship, Amy L. McKee-Everett Memorial Scholarship, and Bank One Scholarship. Notably, 85% of the students at Indiana University-Northwest get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,187,659. More information regarding the financial assistance schemes can be accessed on IUN’s official financial aid page at http://www.iun.edu/financialaid/. The total percentage of candidates applying to Indiana University-Northwest who receive the Federal Grant is 47%. Meanwhile, 62% of the applicants receive the Student Grant and 19% are awarded the Institution Grant, while 46% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,131, the State Grant receivers and Institution Grant beneficiaries get $5,136 and $3,000, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,544. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 38% of the applicants to Indiana University-Northwest opt for student loans.