It is interesting to note that, every year, around 17% of students at IU receive some kind of financial aid, while the total amount of assistance/loans provided is $22,450. Notably, a total of 17% of the applicants to IGlobal University receive the Federal Grant every year. In comparison, 17% of the students get the Student Grant, and 17% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,236. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At IGlobal University, the percentage of candidates who opt to avail of student loans is around 17%.