Students can avail of scholarships provided by the university, such as Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Carnegie Dartlet $10,000 Scholarship, and Charles McGovern, Jr. Memorial Scholarship, if they find educational expenses to be on the higher side. Notably, 90% of the students at Fordham University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $29,217,932. At FU, the total percentage of applicants who receive the Federal Grant stands at 19%. On the other hand, 90% of the candidates get the Student Grant, 90% receive the Institution Grant, and 19% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,736, while the same comes to $4,633 for State Grant receivers and $28,521 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $5,085. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Fordham University, the percentage of candidates who opt to avail of student loans is around 53%.