Notably, 78% of the students at California State Polytechnic University-Pomona get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $51,750,041. One can visit CSPUP's financial aid page at http://www.cpp.edu/financial-aid/ for more information. At CSPUP, the total percentage of applicants who receive the Federal Grant stands at 45%. On the other hand, 70% of the candidates get the Student Grant, 40% receive the Institution Grant, and 45% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,068, the State Grant receivers and Institution Grant beneficiaries get $2,662 and $5,612, respectively. And, for the Pell Grant awardees, the average aid amount is $4,958. 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. 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. Candidates are also required to repay these loans within a given period. At California State Polytechnic University-Pomona, the percentage of candidates who opt to avail of student loans is around 33%.