Such schemes include Academic Merit Scholarship, Academic Scholarship, Achievement Award, and Art Department Scholarship. Notably, 99% of the students at Notre Dame of Maryland University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,947,116. Notably, a total of 80% of the applicants to Notre Dame of Maryland University receive the Federal Grant every year. On the other hand, 99% of the candidates get the Student Grant, 98% receive the Institution Grant, and 57% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,224, and the same stands at $5,820 for State Grant awardees and $23,825 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,668. 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. 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. Candidates are also required to repay these loans within a given period. At Notre Dame of Maryland University, the percentage of candidates who opt to avail of student loans is around 89%.