Notably, 98% of the students at Fairmont State University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $13,191,489. The total percentage of candidates applying to Fairmont State University who receive the Federal Grant is 48%. Meanwhile, 95% of the applicants receive the Student Grant and 78% are awarded the Institution Grant, while 48% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,956, the State Grant receivers and Institution Grant beneficiaries get $3,776 and $2,503, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,776. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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. Every year, around 58% of the applicants to Fairmont State University opt for student loans.