As many as 99% of the students at LUNO get some sort of financial aid, and the total amount of assistance/loans provided is more than $11,509,174 in a year. More information regarding the financial assistance schemes can be accessed on LUNO’s official financial aid page at https://www.luc.edu/finaid/index.shtml?utm_medium=redirect&utm_campaign=finaid-redirects&utm_source=finaid/index-html. At LUNO, the total percentage of applicants who receive the Federal Grant stands at 38%. In comparison, 99% of the students are awarded the Student Grant, 98% get the Institution Grant, and 38% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,994, and the same stands at $5,734 for State Grant awardees and $25,497 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,564. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $28,806 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $27,832, while those falling in the $48,001-$75,000 income category get $25,493 a year. On the other hand, the average federal aid stands at $22,391 for those with an annual family income between $75,001 and $110,000, and at $18,610 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. 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 LUNO, an estimated number of 65% of the applicants choose to go for student loans.