Such schemes include Academic Achievement Award for Transfers, Alumni Association Scholarship, Ancient Studies Scholarship, and Barksdale Scholarship. It is interesting to note that, every year, around 90% of students at UMBC receive some kind of financial aid, while the total amount of assistance/loans provided is $26,255,271. At UMBC, the total percentage of applicants who receive the Federal Grant stands at 25%. On the other hand, 81% of the candidates get the Student Grant, 76% receive the Institution Grant, and 25% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,310, while the same comes to $4,974 for State Grant receivers and $6,276 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,765. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At University of Maryland-Baltimore County, the percentage of candidates who opt to avail of student loans is around 34%.