Notably, 94% of the students at California State University-Los Angeles get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $39,320,333. For additional information about financial assistance schemes, one can head over to CSULA’s financial aid page at http://www.calstatela.edu/univ/finaid/. Notably, a total of 77% of the applicants to California State University-Los Angeles receive the Federal Grant every year. Meanwhile, 93% of the applicants receive the Student Grant and 76% are awarded the Institution Grant, while 77% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,383, while the same comes to $2,321 for State Grant receivers and $5,726 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,994. 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. 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. At CSULA, an estimated number of 14% of the applicants choose to go for student loans.