As many as 83% of the students at UNI get some sort of financial aid, and the total amount of assistance/loans provided is more than $31,395,941 in a year. More information regarding the financial assistance schemes can be accessed on UNI’s official financial aid page at https://www.uni.edu/finaid/. Notably, a total of 26% of the applicants to University of Northern Iowa receive the Federal Grant every year. Meanwhile, 67% of the applicants receive the Student Grant and 64% are awarded the Institution Grant, while 21% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,297, the State Grant receivers and Institution Grant beneficiaries get $4,199 and $2,883, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,141. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 56% of the applicants to University of Northern Iowa opt for student loans.