As many as 85% of the students at FA get some sort of financial aid, and the total amount of assistance/loans provided is more than $547,307 in a year. At FA, the total percentage of applicants who receive the Federal Grant stands at 71%. On the other hand, 71% of the candidates get the Student Grant, while 71% receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $3,674. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At FA, an estimated number of 71% of the applicants choose to go for student loans.