It is interesting to note that, every year, around 85% of students at UCR receive some kind of financial aid, while the total amount of assistance/loans provided is $51,665,499. More information regarding the financial assistance schemes can be accessed on UCR’s official financial aid page at http://finaid.ucr.edu. The total percentage of candidates applying to University of California-Riverside who receive the Federal Grant is 51%. Meanwhile, 82% of the applicants receive the Student Grant and 67% are awarded the Institution Grant, while 51% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,126, and the same stands at $11,369 for State Grant awardees and $10,576 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,910. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $23,134 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $22,680, while those falling in the $48,001-$75,000 income category get $20,058 a year. On the other hand, the average federal aid stands at $13,303 for those with an annual family income between $75,001 and $110,000, and at $4,454 for an income more than $110,000. 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. Candidates are also required to repay these loans within a given period. At UCR, an estimated number of 47% of the applicants choose to go for student loans.