As many as 92% of the students at UF get some sort of financial aid, and the total amount of assistance/loans provided is more than $47,305,982 in a year. One can visit UF's financial aid page at http://www.sfa.ufl.edu/ for more information. Notably, a total of 24% of the applicants to University of Florida receive the Federal Grant every year. In comparison, 88% of the students are awarded the Student Grant, 37% get the Institution Grant, and 24% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,277, and the same stands at $8,140 for State Grant awardees and $3,323 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,205. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At University of Florida, the percentage of candidates who opt to avail of student loans is around 17%.