Notably, 90% of the students at Central Connecticut State University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $34,784,437. At CCSU, the total percentage of applicants who receive the Federal Grant stands at 39%. Meanwhile, 78% of the applicants receive the Student Grant and 70% are awarded the Institution Grant, while 39% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,905, the State Grant receivers and Institution Grant beneficiaries get $2,715 and $3,954, respectively. And, for the Pell Grant awardees, the average aid amount is $4,379. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Candidates are also required to repay these loans within a given period. Every year, around 63% of the applicants to Central Connecticut State University opt for student loans.