As many as 85% of the students at UDC get some sort of financial aid, and the total amount of assistance/loans provided is more than $11,565,244 in a year. More information regarding the financial assistance schemes can be accessed on UDC’s official financial aid page at http://www.udc.edu/admissions/financial-aid/. Notably, a total of 52% of the applicants to University of the District of Columbia receive the Federal Grant every year. In comparison, 75% of the students are awarded the Student Grant, 50% get the Institution Grant, and 52% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $5,126. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At UDC, an estimated number of 31% of the applicants choose to go for student loans.