Such schemes include Anthony Munoz Foundation Scholarship Fund, Educational Foundation of the KYCPA Scholarships, and Mary Jo Young Dual Credit Scholarship. It is interesting to note that, every year, around 99% of students at NKU receive some kind of financial aid, while the total amount of assistance/loans provided is $35,788,031. At NKU, the total percentage of applicants who receive the Federal Grant stands at 36%. Meanwhile, 98% of the applicants receive the Student Grant and 83% are awarded the Institution Grant, while 35% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,491, and the same stands at $2,380 for State Grant awardees and $6,222 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,995. 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. Candidates are also required to repay these loans within a given period. At Northern Kentucky University, the percentage of candidates who opt to avail of student loans is around 57%.