Of the students enrolled in fall 2014, 61.6% of undergraduates and 70.0% of first-time freshmen received some form of financial aid in 2014–15.[60] The amount of financial aid awarded in 2014–15 totaled $151.5 million, of which 64.3% came from federal funds, 11.9% came from state funds and 17.5% came from institutional funds.[60] Loans comprised 55.6% of the financial aid, 31.2% came in the form of grants, and 10.2% in scholarships.[60]