It is interesting to note that, every year, around 96% of students at UI receive some kind of financial aid, while the total amount of assistance/loans provided is $23,010,006. More information regarding the financial assistance schemes can be accessed on UI’s official financial aid page at http://www.uidaho.edu/financialaid. At UI, the total percentage of applicants who receive the Federal Grant stands at 35%. In comparison, 93% of the students are awarded the Student Grant, 90% get the Institution Grant, and 35% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,727, and the same stands at $3,378 for State Grant awardees and $6,528 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,567. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 53% of the applicants to University of Idaho opt for student loans.