Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,595,950. At NCU, the total percentage of applicants who receive the Federal Grant stands at 42%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 34% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,739, the State Grant receivers and Institution Grant beneficiaries get $2,942 and $17,054, respectively. And, for the Pell Grant awardees, the average aid amount is $4,522. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At NCU, an estimated number of 72% of the applicants choose to go for student loans.