Such schemes include Clifton & Alberta White Memorial Scholarship, Humpert Memorial Scholarship, Maynard Jensen American Legion Memorial Scholarship, and Robert R. Johnson Memorial Scholarship. It is interesting to note that, every year, around 97% of students at PSC receive some kind of financial aid, while the total amount of assistance/loans provided is $6,736,860. More information regarding the financial assistance schemes can be accessed on PSC’s official financial aid page at http://www.peru.edu/financialaid. Notably, a total of 49% of the applicants to Peru State College receive the Federal Grant every year. In comparison, 92% of the students are awarded the Student Grant, 85% get the Institution Grant, and 49% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,382, and the same stands at $962 for State Grant awardees and $3,357 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,440. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Peru State College, the percentage of candidates who opt to avail of student loans is around 70%.