Notably, 93% of the students at University of South Florida-Main Campus get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $85,822,059. More information regarding the financial assistance schemes can be accessed on USFMC’s official financial aid page at http://usfweb2.usf.edu/finaid/. The total percentage of candidates applying to University of South Florida-Main Campus who receive the Federal Grant is 32%. Meanwhile, 89% of the applicants receive the Student Grant and 65% are awarded the Institution Grant, while 31% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $6,236, the State Grant receivers and Institution Grant beneficiaries get $6,430 and $4,653, respectively. And, for the Pell Grant awardees, the average aid amount is $5,226. 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 South Florida-Main Campus, the percentage of candidates who opt to avail of student loans is around 30%.