Such schemes include Access Merit Scholarship, Alumni Association Outstanding Faculty Award Scholarship, Alumni Association Scholarships, and American Indian Alliance Scholarship. It is interesting to note that, every year, around 92% of students at UNLV receive some kind of financial aid, while the total amount of assistance/loans provided is $70,773,742. At UNLV, the total percentage of applicants who receive the Federal Grant stands at 41%. On the other hand, 85% of the candidates get the Student Grant, 26% receive the Institution Grant, and 41% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,971, the State Grant receivers and Institution Grant beneficiaries get $2,186 and $3,782, respectively. And, for the Pell Grant awardees, the average aid amount is $4,542. 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. Candidates are also required to repay these loans within a given period. Every year, around 31% of the applicants to University of Nevada-Las Vegas opt for student loans.