It is interesting to note that, every year, around 98% of students at UMD receive some kind of financial aid, while the total amount of assistance/loans provided is $33,943,722. More information regarding the financial assistance schemes can be accessed on UMD’s official financial aid page at http://www.umassd.edu/financialaid/. Notably, a total of 47% of the applicants to University of Massachusetts-Dartmouth receive the Federal Grant every year. On the other hand, 96% of the candidates get the Student Grant, 93% receive the Institution Grant, and 47% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,938, while the same comes to $1,817 for State Grant receivers and $5,567 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,494. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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 UMD, an estimated number of 77% of the applicants choose to go for student loans.