It is interesting to note that, every year, around 91% of students at UMPI receive some kind of financial aid, while the total amount of assistance/loans provided is $2,528,177. One can visit UMPI's financial aid page at http://www.umpi.edu/offices/student-financial-services/ for more information. Notably, a total of 73% of the applicants to University of Maine at Presque Isle receive the Federal Grant every year. In comparison, 87% of the students are awarded the Student Grant, 75% get the Institution Grant, and 59% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,604, and the same stands at $1,417 for State Grant awardees and $2,668 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,167. 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. 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. At University of Maine at Presque Isle, the percentage of candidates who opt to avail of student loans is around 64%.