It is interesting to note that, every year, around 88% of students at UNMLAC receive some kind of financial aid, while the total amount of assistance/loans provided is $41,137. For additional information about financial assistance schemes, one can head over to UNMLAC’s financial aid page at http://losalamos.unm.edu/students/financial-aid/index.html. The total percentage of candidates applying to University of New Mexico-Los Alamos Campus who receive the Federal Grant is 42%. On the other hand, 88% of the candidates get the Student Grant, 11% receive the Institution Grant, and 42% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,584, the State Grant receivers and Institution Grant beneficiaries get $1,110 and $712, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,765. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period.