Notably, 97% of the students at University of Georgia get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $59,345,880. At UG, the total percentage of applicants who receive the Federal Grant stands at 17%. Meanwhile, 95% of the applicants receive the Student Grant and 32% are awarded the Institution Grant, while 17% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,112, and the same stands at $8,868 for State Grant awardees and $6,925 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,522. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 30% of the applicants to University of Georgia opt for student loans.