Among them are scholarship programs such as Ave Maria University Bright Futures Scholarships, Ave Maria University Incentive Scholarship Program, Institutional Scholarship, and Jon Scharfenberger Memorial Scholarship. It is interesting to note that almost every student at AMU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $3,504,902. The total percentage of candidates applying to Ave Maria University who receive the Federal Grant is 31%. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 31% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,923, the State Grant receivers and Institution Grant beneficiaries get $5,757 and $16,084, respectively. And, for the Pell Grant awardees, the average aid amount is $4,669. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At AMU, an estimated number of 55% of the applicants choose to go for student loans.