It is interesting to note that, every year, a substantial number of students at AUM receive some kind of financial aid, and the total amount of the assistance/loans provided stands at $348,875. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,496. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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.