Such schemes include AWA Scholarship Awards, Achievement Award, Art Award, and CCNMA Scholarship. As many as 98% of the students at UR get some sort of financial aid, and the total amount of assistance/loans provided is more than $13,279,597 in a year. Notably, a total of 30% of the applicants to University of Redlands receive the Federal Grant every year. Meanwhile, 98% of the applicants receive the Student Grant and 98% are awarded the Institution Grant, while 30% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,252, the State Grant receivers and Institution Grant beneficiaries get $8,496 and $31,543, respectively. And, for the Pell Grant awardees, the average aid amount is $4,444. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 58% of the applicants to University of Redlands opt for student loans.