As many as 98% of the students at CLU get some sort of financial aid, and the total amount of assistance/loans provided is more than $11,442,750 in a year. For additional information about financial assistance schemes, one can head over to CLU’s financial aid page at http://www.callutheran.edu/financial-aid/. Notably, a total of 30% of the applicants to California Lutheran University receive the Federal Grant every year. On the other hand, 98% of the candidates get the Student Grant, 98% receive the Institution Grant, and 30% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,164, while the same comes to $8,550 for State Grant receivers and $24,348 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,812. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $37,226 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $39,446, while those falling in the $48,001-$75,000 income category get $32,203 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $26,190. And, for those with a family income of more than $110,000, the amount stands at $22,009. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At California Lutheran University, the percentage of candidates who opt to avail of student loans is around 57%.