Notably, 95% of the students at Hannibal-LaGrange University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,073,432. At HLU, the total percentage of applicants who receive the Federal Grant stands at 45%. In comparison, 94% of the students are awarded the Student Grant, 90% get the Institution Grant, and 45% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,843, while the same comes to $1,726 for State Grant receivers and $11,323 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,467. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At HLU, an estimated number of 69% of the applicants choose to go for student loans.