As many as 66% of the students at UCD get some sort of financial aid, and the total amount of assistance/loans provided is more than $47,845,870 in a year. More information regarding the financial assistance schemes can be accessed on UCD’s official financial aid page at http://financialaid.ucdavis.edu/. At UCD, the total percentage of applicants who receive the Federal Grant stands at 32%. Meanwhile, 59% of the applicants receive the Student Grant and 56% are awarded the Institution Grant, while 32% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,043, while the same comes to $11,347 for State Grant receivers and $9,231 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,775. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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. Every year, around 31% of the applicants to University of California-Davis opt for student loans.