Students can avail of scholarships provided by the university, such as Alice Ann Garner Scholarship, Amy L. McKee-Everett Memorial Scholarship, Birds Eye Foods (Brooks Foods) Scholarship, and Blackford Agriculture Scholarship, if they find educational expenses to be on the higher side. Notably, 89% of the students at Indiana University-Purdue University-Indianapolis get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $58,840,768. More information regarding the financial assistance schemes can be accessed on IUPUI’s official financial aid page at http://www.iupui.edu/~finaid/. Notably, a total of 42% of the applicants to Indiana University-Purdue University-Indianapolis receive the Federal Grant every year. Meanwhile, 71% of the applicants receive the Student Grant and 65% are awarded the Institution Grant, while 42% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,251, and the same stands at $6,827 for State Grant awardees and $5,231 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,577. 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-Purdue University-Indianapolis, the percentage of candidates who opt to avail of student loans is around 45%.