Among them are scholarship programs such as Dr. Allen Smith Memorial Scholarship, Education Foundation Scholarship, Educational Assistance Commitment Grant, and James R. Hunt Memorial Scholarship. Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,692,027. Notably, a total of 54% of the applicants to Ursuline College receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 54% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,394, the State Grant receivers and Institution Grant beneficiaries get $3,000 and $22,346, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,383. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 89% of the applicants to Ursuline College opt for student loans.