Notably, 90% of the students at University of Florida-Online get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,531,311. For additional information about financial assistance schemes, one can head over to UFO’s financial aid page at http://www.sfa.ufl.edu. The total percentage of candidates applying to University of Florida-Online who receive the Federal Grant is 23%. Meanwhile, 86% of the applicants receive the Student Grant and 11% are awarded the Institution Grant, while 23% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,354, and the same stands at $6,337 for State Grant awardees and $2,014 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,230. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. Every year, around 16% of the applicants to University of Florida-Online opt for student loans.