It is interesting to note that, every year, around 86% of students at CSUN receive some kind of financial aid, while the total amount of assistance/loans provided is $62,424,508. One can visit CSUN's financial aid page at https://www.csun.edu/financialaid/ for more information. Notably, a total of 62% of the applicants to California State University-Northridge receive the Federal Grant every year. On the other hand, 82% of the candidates get the Student Grant, 59% receive the Institution Grant, and 62% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,384, the State Grant receivers and Institution Grant beneficiaries get $2,395 and $5,907, respectively. And, for the Pell Grant awardees, the average aid amount is $4,859. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CSUN, an estimated number of 27% of the applicants choose to go for student loans.