Such schemes include Alan and Janette Blackburn Scholarship, Arenac County Scholarship, Art and Helen Nickless Scholarship, and Auburn Jaycees Education Scholarship. Notably, 96% of the students at University of Michigan-Flint get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $21,551,152. The total percentage of candidates applying to University of Michigan-Flint who receive the Federal Grant is 52%. On the other hand, 87% of the candidates get the Student Grant, 76% receive the Institution Grant, and 52% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,648, and the same stands at $911 for State Grant awardees and $5,107 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,998. 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. 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 UMF, an estimated number of 53% of the applicants choose to go for student loans.