Such schemes include ASTA Northern California Chapter - Richard Epping Scholarship, AWA Scholarship Awards, CCNMA Scholarship, and Cal Grant A. It is interesting to note that, every year, around 70% of students at SU receive some kind of financial aid, while the total amount of assistance/loans provided is $2,962,768. More information regarding the financial assistance schemes can be accessed on SU’s official financial aid page at http://financialaid.stanford.edu/. Notably, a total of 18% of the applicants to Stanford University receive the Federal Grant every year. In comparison, 56% of the students are awarded the Student Grant, 56% get the Institution Grant, and 18% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,211, and the same stands at $9,051 for State Grant awardees and $52,223 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,730. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $66,696 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $64,148 and $63,649, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $55,240. And, for those with a family income of more than $110,000, the amount stands at $27,379. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 Stanford University, the percentage of candidates who opt to avail of student loans is around 7%.