As many as 94% of the students at PUFW get some sort of financial aid, and the total amount of assistance/loans provided is more than $18,158,622 in a year. The total percentage of candidates applying to Purdue University Fort Wayne who receive the Federal Grant is 43%. On the other hand, 90% of the candidates get the Student Grant, 78% receive the Institution Grant, and 43% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,768, the State Grant receivers and Institution Grant beneficiaries get $5,155 and $2,676, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,596. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At PUFW, an estimated number of 45% of the applicants choose to go for student loans.