Interestingly, almost all of the students at UCB receive some sort of financial aid. For additional information about financial assistance schemes, one can head over to UCB’s financial aid page at http://www.urbancollege.edu/financial-aid.aspx. The total percentage of candidates applying to Urban College of Boston who receive the Federal Grant is 67%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 67% get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $2,424. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $10,946 per 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period.