Notably, 82% of the students at University of Alaska Anchorage get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $19,462,559. For additional information about financial assistance schemes, one can head over to UAA’s financial aid page at http://www.uaa.alaska.edu/financialaid/. At UAA, the total percentage of applicants who receive the Federal Grant stands at 36%. In comparison, 74% of the students are awarded the Student Grant, 37% get the Institution Grant, and 36% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,800, and the same stands at $4,364 for State Grant awardees and $3,357 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,042. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At UAA, an estimated number of 26% of the applicants choose to go for student loans.