As many as 99% of the students at UP get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,836,878 in a year. For additional information about financial assistance schemes, one can head over to UP’s financial aid page at http://www.uprovidence.edu/become-a-student/financial-aid/. The total percentage of candidates applying to University of Providence who receive the Federal Grant is 31%. In comparison, 99% of the students are awarded the Student Grant, 99% get the Institution Grant, and 30% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,612. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $17,665 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $13,735, while those falling in the $48,001-$75,000 income category get $13,120 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $15,063. And, for those with a family income of more than $110,000, the amount stands at $11,444. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 73% of the applicants to University of Providence opt for student loans.