Notably, 94% of the students at Furman University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,412,139. At FU, the total percentage of applicants who receive the Federal Grant stands at 12%. On the other hand, 92% of the candidates get the Student Grant, 91% receive the Institution Grant, and 12% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,345, while the same comes to $7,682 for State Grant receivers and $27,306 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,553. 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. Every year, around 32% of the applicants to Furman University opt for student loans.