It is interesting to note that, every year, around 89% of students at UNHM receive some kind of financial aid, while the total amount of assistance/loans provided is $3,094,649. At UNHM, the total percentage of applicants who receive the Federal Grant stands at 44%. In comparison, 76% of the students are awarded the Student Grant, 75% get the Institution Grant, and 44% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,535, while the same comes to $625 for State Grant receivers and $5,931 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,444. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 48% of the applicants to University of New Hampshire at Manchester opt for student loans.