As many as 88% of the students at MSUN get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,069,292 in a year. More information regarding the financial assistance schemes can be accessed on MSUN’s official financial aid page at http://www.msun.edu/stuaffairs/finaid/index.htm. The total percentage of candidates applying to Montana State University-Northern who receive the Federal Grant is 58%. Meanwhile, 73% of the applicants receive the Student Grant and 39% are awarded the Institution Grant, while 56% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,556. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At MSUN, an estimated number of 53% of the applicants choose to go for student loans.