As many as 92% of the students at UMKC get some sort of financial aid, and the total amount of assistance/loans provided is more than $35,041,654 in a year. More information regarding the financial assistance schemes can be accessed on UMKC’s official financial aid page at http://finaid.umkc.edu/. At UMKC, the total percentage of applicants who receive the Federal Grant stands at 38%. On the other hand, 85% of the candidates get the Student Grant, 73% receive the Institution Grant, and 38% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,788, and the same stands at $2,221 for State Grant awardees and $4,400 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,568. 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. 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 UMKC, an estimated number of 48% of the applicants choose to go for student loans.