As many as 74% of the students at UNCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $80,717,170 in a year. The total percentage of candidates applying to University of North Carolina at Charlotte who receive the Federal Grant is 32%. In comparison, 57% of the students are awarded the Student Grant, 41% get the Institution Grant, and 32% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,820, and the same stands at $2,843 for State Grant awardees and $4,128 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,711. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 Charlotte, the percentage of candidates who opt to avail of student loans is around 55%.