Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $31,500. At GMU, the total percentage of applicants who receive the Federal Grant stands at 33%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 33% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,373. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Grace Mission University, the percentage of candidates who opt to avail of student loans is around 67%.