Notably, around 31% of the students at University of the People receive some kind of financial aid every year, official data shows. For additional information about financial assistance schemes, one can head over to UP’s financial aid page at http://www.uopeople.edu/tuition-free/our-scholarships/. On the other hand, 31% of the candidates get the Student Grant, while 31% are awarded the Institution Grant. 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. 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.