As many as 85% of the students at TUMW get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,042,599 in a year. More information regarding the financial assistance schemes can be accessed on TUMW’s official financial aid page at http://w.umwestern.edu/info/financial-aid/. Notably, a total of 37% of the applicants to The University of Montana-Western receive the Federal Grant every year. Meanwhile, 73% of the applicants receive the Student Grant and 63% are awarded the Institution Grant, while 37% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,242, and the same stands at $1,007 for State Grant awardees and $5,654 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,179. 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. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 58% of the applicants to The University of Montana-Western opt for student loans.