Among them are scholarship programs such as Joseph P. Gavenonis Scholarship and Technology Scholarship. It is interesting to note that, every year, a substantial number of students at FIE receive some kind of financial aid, and the total amount of the assistance/loans provided stands at $790,275. And, for the Pell Grant awardees, the average aid amount is $4,404. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period.