Notably, 82% of the students at California State University Maritime Academy get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,348,606. The total percentage of candidates applying to California State University Maritime Academy who receive the Federal Grant is 23%. Meanwhile, 44% of the applicants receive the Student Grant and 29% are awarded the Institution Grant, while 23% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,715, and the same stands at $2,464 for State Grant awardees and $5,964 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,320. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 University Maritime Academy, the percentage of candidates who opt to avail of student loans is around 44%.