As many as 97% of the students at TUT get some sort of financial aid, and the total amount of assistance/loans provided is more than $28,035,983 in a year. One can visit TUT's financial aid page at http://www.ut.edu/financialaid/ for more information. The total percentage of candidates applying to The University of Tampa who receive the Federal Grant is 20%. Meanwhile, 94% of the applicants receive the Student Grant and 91% are awarded the Institution Grant, while 20% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,240, and the same stands at $6,561 for State Grant awardees and $11,266 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,429. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $16,304 on average in a year. The average aid amount stands at $15,772 for an annual family income between $30,001 and $48,000. This amount comes to $15,210 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $12,933. And, for those with a family income of more than $110,000, the amount stands at $10,232. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 77% of the applicants to The University of Tampa opt for student loans.