Such schemes include Christa McAuliffe Scholarship, Development Fund for Black Students in Science and Technology Scholarship, Developmental Disabilities, Mental Health, Child Welfare, and Juvenile Justice Workforce Tuition Assistance Program, and Diversity Grant. It is interesting to note that, every year, around 94% of students at MSU receive some kind of financial aid, while the total amount of assistance/loans provided is $33,450,017. Notably, a total of 59% of the applicants to Morgan State University receive the Federal Grant every year. In comparison, 76% of the students are awarded the Student Grant, 42% get the Institution Grant, and 58% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,885, and the same stands at $3,468 for State Grant awardees and $5,528 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,824. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Every year, around 78% of the applicants to Morgan State University opt for student loans.