It is interesting to note that, every year, around 81% of students at UR receive some kind of financial aid, while the total amount of assistance/loans provided is $13,800,080. More information regarding the financial assistance schemes can be accessed on UR’s official financial aid page at http://enrollment.rochester.edu/financial-aid/. At UR, the total percentage of applicants who receive the Federal Grant stands at 20%. In comparison, 79% of the students are awarded the Student Grant, 77% get the Institution Grant, and 20% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,532, and the same stands at $3,722 for State Grant awardees and $38,321 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,836. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $50,972 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $47,807 and $45,161, respectively. On the other hand, the average federal aid stands at $37,654 for those with an annual family income between $75,001 and $110,000, and at $26,102 for an income more than $110,000. 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. Candidates are also required to repay these loans within a given period. At UR, an estimated number of 39% of the applicants choose to go for student loans.