It is interesting to note that, every year, around 83% of students at UW receive some kind of financial aid, while the total amount of assistance/loans provided is $283,107. One can visit UW's financial aid page at http://www.uwest.edu/financial-aid/ for more information. The total percentage of candidates applying to University of the West who receive the Federal Grant is 67%. In comparison, 83% of the students are awarded the Student Grant, 72% get the Institution Grant, and 67% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,599, the State Grant receivers and Institution Grant beneficiaries get $1,933 and $4,012, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,947. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $8,853 on average in a year. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 67% of the applicants to University of the West opt for student loans.