Such schemes include ARRUPE Scholars Award, Army ROTC Scholarship, Dr. Allen Smith Memorial Scholarship, and Education Foundation Scholarship. It is interesting to note that, every year, around 99% of students at JCU receive some kind of financial aid, while the total amount of assistance/loans provided is $11,312,174. One can visit JCU's financial aid page at http://sites.jcu.edu/aid/ for more information. Notably, a total of 21% of the applicants to John Carroll University receive the Federal Grant every year. In comparison, 97% of the students are awarded the Student Grant, 97% get the Institution Grant, and 21% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,220, while the same comes to $2,731 for State Grant receivers and $27,419 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,527. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $35,311 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $33,608, while those falling in the $48,001-$75,000 income category get $28,131 a year. On the other hand, the average federal aid stands at $25,890 for those with an annual family income between $75,001 and $110,000, and at $23,356 for an income more than $110,000. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At John Carroll University, the percentage of candidates who opt to avail of student loans is around 63%.