Such schemes include Alliance for Minority Participation Scholarship, Christa McAuliffe Scholarship, Developmental Disabilities, Mental Health, Child Welfare, and Juvenile Justice Workforce Tuition Assistance Program, and Edward T. Conroy Memorial Scholarship. As many as 89% of the students at UMES get some sort of financial aid, and the total amount of assistance/loans provided is more than $11,462,844 in a year. At UMES, the total percentage of applicants who receive the Federal Grant stands at 56%. In comparison, 80% of the students are awarded the Student Grant, 54% get the Institution Grant, and 56% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,958, the State Grant receivers and Institution Grant beneficiaries get $4,165 and $4,073, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,803. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 UMES, an estimated number of 68% of the applicants choose to go for student loans.