Such schemes include Alice Ann Garner Scholarship, Alumni Scholarship, Amy L. McKee-Everett Memorial Scholarship, and Athletic Grant. It is interesting to note that almost every student at UI receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $19,199,561. For additional information about financial assistance schemes, one can head over to UI’s financial aid page at http://www.uindy.edu/financial-aid. Notably, a total of 45% of the applicants to University of Indianapolis receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 99% get the Institution Grant, and 45% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,031, while the same comes to $7,009 for State Grant receivers and $16,382 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,624. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $24,776 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $24,289 and $20,147, respectively. Those with an annual income level of $75,001-$110,000 would receive $16,137, while candidates with more than $110,000 of family income receive an average federal aid of $14,153. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 67% of the applicants to University of Indianapolis opt for student loans.