Such schemes include Bowling Academic Scholarship, Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, and County Scholarship. 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 $4,910,946. The total percentage of candidates applying to Midway University who receive the Federal Grant is 64%. On the other hand, 100% of the candidates get the Student Grant, 98% receive the Institution Grant, and 46% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $3,779, and the same stands at $4,534 for State Grant awardees and $12,115 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,496. 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. 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 MU, an estimated number of 80% of the applicants choose to go for student loans.