It is interesting to note that, every year, around 88% of students at TAMUK receive some kind of financial aid, while the total amount of assistance/loans provided is $27,313,032. For additional information about financial assistance schemes, one can head over to TAMUK’s financial aid page at http://www.tamuk.edu/finaid/. The total percentage of candidates applying to Texas A & M University-Kingsville who receive the Federal Grant is 60%. In comparison, 79% of the students are awarded the Student Grant, 41% get the Institution Grant, and 60% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,160, the State Grant receivers and Institution Grant beneficiaries get $5,200 and $4,163, respectively. And, for the Pell Grant awardees, the average aid amount is $4,955. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 TAMUK, an estimated number of 65% of the applicants choose to go for student loans.