As many as 94% of the students at UNK get some sort of financial aid, and the total amount of assistance/loans provided is more than $11,311,688 in a year. For additional information about financial assistance schemes, one can head over to UNK’s financial aid page at http://www.unk.edu/offices/financial_aid/index.php. At UNK, the total percentage of applicants who receive the Federal Grant stands at 41%. In comparison, 85% of the students are awarded the Student Grant, 73% get the Institution Grant, and 41% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,392, the State Grant receivers and Institution Grant beneficiaries get $2,433 and $5,178, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,133. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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. Candidates are also required to repay these loans within a given period. At UNK, an estimated number of 50% of the applicants choose to go for student loans.