As many as 67% of the students at TUTA get some sort of financial aid, and the total amount of assistance/loans provided is more than $66,655,351 in a year. More information regarding the financial assistance schemes can be accessed on TUTA’s official financial aid page at http://finaid.utexas.edu. The total percentage of candidates applying to The University of Texas at Austin who receive the Federal Grant is 23%. On the other hand, 46% of the candidates get the Student Grant, 39% receive the Institution Grant, and 23% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,771, and the same stands at $6,842 for State Grant awardees and $5,158 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,604. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 The University of Texas at Austin, the percentage of candidates who opt to avail of student loans is around 39%.