Such schemes include Dr. Hugh and Madge Gleaton Scholarship Fund, Jagannathan Scholarship, North Carolina Student Incentive Grant, and Triangle Scholarship Program. It is interesting to note that, every year, around 94% of students at UNCA receive some kind of financial aid, while the total amount of assistance/loans provided is $11,234,142. The total percentage of candidates applying to University of North Carolina at Asheville who receive the Federal Grant is 40%. In comparison, 92% of the students are awarded the Student Grant, 91% get the Institution Grant, and 39% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,834, the State Grant receivers and Institution Grant beneficiaries get $2,523 and $3,792, respectively. And, for the Pell Grant awardees, the average aid amount is $4,483. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At University of North Carolina at Asheville, the percentage of candidates who opt to avail of student loans is around 57%.