Notably, 92% of the students at Hodges University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,511,696. For additional information about financial assistance schemes, one can head over to HU’s financial aid page at http://www.hodges.edu/financialaid/. The total percentage of candidates applying to Hodges University who receive the Federal Grant is 86%. Meanwhile, 92% of the applicants receive the Student Grant and 10% are awarded the Institution Grant, while 86% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $3,912, the State Grant receivers and Institution Grant beneficiaries get $2,580 and $1,750, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,686. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $6,725 on average in a year. The average aid amount stands at $7,533 for an annual family income between $30,001 and $48,000. This amount comes to $4,292 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $2,500. And, for those with a family income of more than $110,000, the amount stands at $2,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Hodges University, the percentage of candidates who opt to avail of student loans is around 71%.