It is interesting to note that almost every student at AEU receives some kind of financial aid. The total percentage of candidates applying to America Evangelical University who receive the Federal Grant is 70%. Meanwhile, 100% of the applicants receive the Student Grant and 30% are awarded the Institution Grant, while 70% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $6,007. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $2,908 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period.