Among them are scholarship programs such as Batten Scholarship, Hollins Scholar Award, International Friendship Award, and Phi, Theta Kappa. Interestingly, almost all of the students at HU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $3,394,848 in a year. Notably, a total of 33% of the applicants to Hollins University receive the Federal Grant every year. 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. Moreover, the average aid amount for Federal Grant awardees stands at $5,309, while the same comes to $3,270 for State Grant receivers and $31,667 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,954. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At HU, an estimated number of 66% of the applicants choose to go for student loans.