Such schemes include Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Educational Foundation of the KYCPA Scholarships, and Mary Jo Young Dual Credit Scholarship. Interestingly, almost all of the students at TU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $3,741,386 in a year. For additional information about financial assistance schemes, one can head over to TU’s financial aid page at http://www.transy.edu/admission/financial-aid. Notably, a total of 29% of the applicants to Transylvania University receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 29% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,035, and the same stands at $4,588 for State Grant awardees and $21,364 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,347. 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 $28,487 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 $26,313 and $28,093, respectively. On the other hand, the average federal aid stands at $22,333 for those with an annual family income between $75,001 and $110,000, and at $17,800 for an income more than $110,000. 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. Candidates are also required to repay these loans within a given period. Every year, around 62% of the applicants to Transylvania University opt for student loans.