Students can avail of scholarships provided by the university, such as Maine Difference Scholarship, Maine Metal Products Association Scholarship, Maine Public Relations Council Scholarship, and Maine State Society of Washington D.C. Scholarship, if they find educational expenses to be on the higher side. As many as 94% of the students at UMFK get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,557,300 in a year. One can visit UMFK's financial aid page at http://www.umfk.maine.edu/admissions/financial_aid/ for more information. The total percentage of candidates applying to University of Maine at Fort Kent who receive the Federal Grant is 57%. On the other hand, 88% of the candidates get the Student Grant, 60% receive the Institution Grant, and 57% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,924, the State Grant receivers and Institution Grant beneficiaries get $2,236 and $2,977, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,922. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At UMFK, an estimated number of 64% of the applicants choose to go for student loans.