Notably, 77% of the students at George Washington University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $29,037,820. One can visit GWU's financial aid page at https://financialaid.gwu.edu/ for more information. At GWU, the total percentage of applicants who receive the Federal Grant stands at 16%. Meanwhile, 75% of the applicants receive the Student Grant and 75% are awarded the Institution Grant, while 15% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $6,501, the State Grant receivers and Institution Grant beneficiaries get $1,629 and $31,651, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,648. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $52,062 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $52,070 and $45,545, respectively. On the other hand, the average federal aid stands at $35,957 for those with an annual family income between $75,001 and $110,000, and at $23,177 for an income more than $110,000. 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. Candidates are also required to repay these loans within a given period. Every year, around 41% of the applicants to George Washington University opt for student loans.