As many as 94% of the students at UAH get some sort of financial aid, and the total amount of assistance/loans provided is more than $20,052,628 in a year. More information regarding the financial assistance schemes can be accessed on UAH’s official financial aid page at http://finaid.uah.edu/. The total percentage of candidates applying to University of Alabama in Huntsville who receive the Federal Grant is 24%. In comparison, 89% of the students are awarded the Student Grant, 83% get the Institution Grant, and 24% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,058, and the same stands at $3,048 for State Grant awardees and $11,951 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,473. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 42% of the applicants to University of Alabama in Huntsville opt for student loans.