As many as 88% of the students at UAF get some sort of financial aid, and the total amount of assistance/loans provided is more than $9,202,400 in a year. One can visit UAF's financial aid page at http://www.uaf.edu/finaid/ for more information. The total percentage of candidates applying to University of Alaska Fairbanks who receive the Federal Grant is 31%. In comparison, 78% of the students are awarded the Student Grant, 42% get the Institution Grant, and 31% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,794, the State Grant receivers and Institution Grant beneficiaries get $5,131 and $4,876, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,884. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At University of Alaska Fairbanks, the percentage of candidates who opt to avail of student loans is around 30%.