As many as 99% of the students at EMU get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,577,447 in a year. At EMU, the total percentage of applicants who receive the Federal Grant stands at 32%. In comparison, 99% of the students are awarded the Student Grant, 99% get the Institution Grant, and 30% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,701, and the same stands at $3,154 for State Grant awardees and $21,466 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,339. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At EMU, an estimated number of 66% of the applicants choose to go for student loans.