Such schemes include Academic Grant for First Time Students, Commonwealth Scholarship, Educational Foundation of the KYCPA Scholarships, and Excellence Scholarship. Notably, 92% of the students at Kentucky State University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,427,014. More information regarding the financial assistance schemes can be accessed on KSU’s official financial aid page at http://kysu.edu/administration-governance/engagement-and-enrollment-management/financial-aid/. At KSU, the total percentage of applicants who receive the Federal Grant stands at 71%. In comparison, 92% of the students are awarded the Student Grant, 91% get the Institution Grant, and 71% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,094, while the same comes to $2,567 for State Grant receivers and $5,779 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,210. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At KSU, an estimated number of 71% of the applicants choose to go for student loans.