It is interesting to note that almost every student at BU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $11,461,968. At BU, the total percentage of applicants who receive the Federal Grant stands at 24%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 23% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,046, while the same comes to $5,072 for State Grant receivers and $21,363 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,133. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 68% of the applicants to Bethel University opt for student loans.