It is interesting to note that, every year, around 81% of students at IMS receive some kind of financial aid, while the total amount of assistance/loans provided is $1,045,058. At IMS, the total percentage of applicants who receive the Federal Grant stands at 81%. In comparison, 81% of the students get the Student Grant, and 81% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,678. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Every year, around 81% of the applicants to Illinois Media School opt for student loans.