It is interesting to note that, every year, around 96% of students at UPRP receive some kind of financial aid, while the total amount of assistance/loans provided is $1,623,236. More information regarding the financial assistance schemes can be accessed on UPRP’s official financial aid page at http://www.uprp.edu/index.php?option=com_content&view=article&id=422&Itemid=54&LinkId=83. Notably, a total of 96% of the applicants to University of Puerto Rico-Ponce receive the Federal Grant every year. On the other hand, 96% of the candidates get the Student Grant, 14% receive the Institution Grant, and 93% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,083, while the same comes to $242 for State Grant receivers and $971 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $5,001. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At University of Puerto Rico-Ponce, the percentage of candidates who opt to avail of student loans is around 9%.