Among them are scholarship programs such as Joseph P. Gavenonis Scholarship, Ohio College Opportunity Grant, Steinbright Scholarship, and Technology Scholarship. Notably, 99% of the students at Ursinus College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,434,141. Notably, a total of 25% of the applicants to Ursinus College receive the Federal Grant every year. Meanwhile, 97% of the applicants receive the Student Grant and 97% are awarded the Institution Grant, while 25% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,468, while the same comes to $3,434 for State Grant receivers and $35,260 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,720. 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. 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. At UC, an estimated number of 70% of the applicants choose to go for student loans.