Among them are scholarship programs such as Board of Governors Scholarship, CDV - Remission of Fees, Carl S. Micarelli Memorial Scholarship, and Graduate Assistantship. As many as 92% of the students at IUPMC get some sort of financial aid, and the total amount of assistance/loans provided is more than $43,190,262 in a year. More information regarding the financial assistance schemes can be accessed on IUPMC’s official financial aid page at http://www.iup.edu/financialaid/default.aspx. At IUPMC, the total percentage of applicants who receive the Federal Grant stands at 45%. In comparison, 70% of the students are awarded the Student Grant, 36% get the Institution Grant, and 45% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,055, the State Grant receivers and Institution Grant beneficiaries get $3,027 and $3,236, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,431. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Indiana University of Pennsylvania-Main Campus, the percentage of candidates who opt to avail of student loans is around 81%.