Such schemes include Academic Excellence Scholarship, David L. Gasser Memorial Scholarship, Frank and Hildegarde Goodrich Family Scholarship, and Midwest Student Exchange Program. It is interesting to note that, every year, around 81% of students at UWP receive some kind of financial aid, while the total amount of assistance/loans provided is $12,585,795. The total percentage of candidates applying to University of Wisconsin-Parkside who receive the Federal Grant is 42%. Meanwhile, 60% of the applicants receive the Student Grant and 12% are awarded the Institution Grant, while 42% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,823, and the same stands at $2,263 for State Grant awardees and $1,765 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,351. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At UWP, an estimated number of 54% of the applicants choose to go for student loans.