Such schemes include Academic Honor Scholarship, Achievement Award, Carnegie Dartlet $10,000 Scholarship, and Community Service Scholarship for Multicultural Students. Interestingly, almost all of the students at ONU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $9,414,093 in a year. One can visit ONU's financial aid page at http://www.onu.edu/financial_aid for more information. At ONU, the total percentage of applicants who receive the Federal Grant stands at 29%. In comparison, 98% of the students are awarded the Student Grant, 97% get the Institution Grant, and 29% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,691, the State Grant receivers and Institution Grant beneficiaries get $2,745 and $20,671, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,127. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $26,368 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $26,109, while those falling in the $48,001-$75,000 income category get $23,402 a year. On the other hand, the average federal aid stands at $20,637 for those with an annual family income between $75,001 and $110,000, and at $17,379 for an income more than $110,000. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 73% of the applicants to Ohio Northern University opt for student loans.