It is interesting to note that, every year, around 93% of students at UNC receive some kind of financial aid, while the total amount of assistance/loans provided is $28,282,698. More information regarding the financial assistance schemes can be accessed on UNC’s official financial aid page at https://www.unco.edu/financial-aid/. Notably, a total of 36% of the applicants to University of Northern Colorado receive the Federal Grant every year. In comparison, 86% of the students are awarded the Student Grant, 85% get the Institution Grant, and 36% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,594, the State Grant receivers and Institution Grant beneficiaries get $2,185 and $5,736, respectively. And, for the Pell Grant awardees, the average aid amount is $4,755. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At University of Northern Colorado, the percentage of candidates who opt to avail of student loans is around 56%.