Notably, 79% of the students at East Carolina University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $78,757,692. For additional information about financial assistance schemes, one can head over to ECU’s financial aid page at http://www.ecu.edu/financial/. Notably, a total of 36% of the applicants to East Carolina University receive the Federal Grant every year. On the other hand, 53% of the candidates get the Student Grant, 45% receive the Institution Grant, and 36% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,925, and the same stands at $2,771 for State Grant awardees and $3,613 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,753. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At ECU, an estimated number of 63% of the applicants choose to go for student loans.