Students can avail of scholarships provided by the university, such as Art and Helen Nickless Scholarship, Auburn Jaycees Education Scholarship, Bay City Civitan/Marcella Barber Scholarship, and Bay City Kiwanis Educational Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that almost every student at FU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $2,863,688. Notably, a total of 51% of the applicants to Finlandia University receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 51% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,832, and the same stands at $2,522 for State Grant awardees and $9,230 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,246. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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 FU, an estimated number of 88% of the applicants choose to go for student loans.