Such schemes include Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Heriberto Flores Scholarship, and MASSGrant Program. It is interesting to note that almost every student at MU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $25,325,629. The total percentage of candidates applying to MCPHS University who receive the Federal Grant is 32%. Meanwhile, 99% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 32% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,376, while the same comes to $1,522 for State Grant receivers and $12,261 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,161. 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. 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. Candidates are also required to repay these loans within a given period. At MU, an estimated number of 70% of the applicants choose to go for student loans.