A significant number of students at UMU receive some kind of financial aid, and the total amount of assistance/loans provided is more than $1,052,571 in a year. For additional information about financial assistance schemes, one can head over to UMU’s financial aid page at http://www.upstate.edu/currentstudents/financial_resources/finaid/. And, for the Pell Grant awardees, the average aid amount is $5,817. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period.