Among them are scholarship programs such as Educational Foundation of the KYCPA Scholarships, Katie Kanowsky Memorial Scholarship, and Mary Jo Young Dual Credit Scholarship. It is interesting to note that, every year, around 99% of students at MSU receive some kind of financial aid, while the total amount of assistance/loans provided is $28,161,620. At MSU, the total percentage of applicants who receive the Federal Grant stands at 40%. On the other hand, 99% of the candidates get the Student Grant, 89% receive the Institution Grant, and 40% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,878, the State Grant receivers and Institution Grant beneficiaries get $2,654 and $7,524, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,651. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Murray State University, the percentage of candidates who opt to avail of student loans is around 51%.