Notably, 63% of the students at California Polytechnic State University-San Luis Obispo get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $36,823,915. Notably, a total of 14% of the applicants to California Polytechnic State University-San Luis Obispo receive the Federal Grant every year. Meanwhile, 51% of the applicants receive the Student Grant and 37% are awarded the Institution Grant, while 14% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,054, while the same comes to $2,867 for State Grant receivers and $4,005 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,537. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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. Every year, around 30% of the applicants to California Polytechnic State University-San Luis Obispo opt for student loans.