Students can avail of scholarships provided by the university, such as Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Marie L. Rose Scholarship, and NEEBC Scholarship Award, if they find educational expenses to be on the higher side. As many as 64% of the students at YU get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,923,126 in a year. More information regarding the financial assistance schemes can be accessed on YU’s official financial aid page at https://finaid.yale.edu/. The total percentage of candidates applying to Yale University who receive the Federal Grant is 20%. Meanwhile, 56% of the applicants receive the Student Grant and 56% are awarded the Institution Grant, while 20% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,872. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $63,972 in a year. The average aid amount stands at $64,558 for an annual family income between $30,001 and $48,000. This amount comes to $61,964 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $55,727 for those with an annual family income between $75,001 and $110,000, and at $33,077 for an income more than $110,000. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 6% of the applicants to Yale University opt for student loans.