It is interesting to note that almost every student at UPS receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $6,791,887. Notably, a total of 24% of the applicants to University of Puget Sound receive the Federal Grant every year. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 21% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,721, and the same stands at $8,776 for State Grant awardees and $24,493 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,515. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At UPS, an estimated number of 52% of the applicants choose to go for student loans.