Students can avail of scholarships provided by the university, such as Albert M. Lappin Scholarship, College Assistance Migrant Program (CAMP), Hansen Leaders of Tomorrow, and Hansen Scholar Award, if they find educational expenses to be on the higher side. As many as 85% of the students at UK get some sort of financial aid, and the total amount of assistance/loans provided is more than $54,773,374 in a year. For additional information about financial assistance schemes, one can head over to UK’s financial aid page at http://affordability.ku.edu. Notably, a total of 21% of the applicants to University of Kansas receive the Federal Grant every year. On the other hand, 78% of the candidates get the Student Grant, 73% receive the Institution Grant, and 21% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,818, the State Grant receivers and Institution Grant beneficiaries get $1,023 and $9,075, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,481. 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. 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. Candidates are also required to repay these loans within a given period. At UK, an estimated number of 45% of the applicants choose to go for student loans.