Such schemes include Academic Excellence Scholarship, David L. Gasser Memorial Scholarship, Frank and Hildegarde Goodrich Family Scholarship, and Midwest Student Exchange Program. Notably, 86% of the students at University of Wisconsin-Platteville get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $23,967,676. At UWP, the total percentage of applicants who receive the Federal Grant stands at 26%. In comparison, 71% of the students are awarded the Student Grant, 48% get the Institution Grant, and 26% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,423, and the same stands at $2,066 for State Grant awardees and $1,484 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,069. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 Wisconsin-Platteville, the percentage of candidates who opt to avail of student loans is around 56%.