It is interesting to note that, every year, around 98% of students at JSU receive some kind of financial aid, while the total amount of assistance/loans provided is $42,549,285. For additional information about financial assistance schemes, one can head over to JSU’s financial aid page at http://www.jsums.edu/financialaid/. At JSU, the total percentage of applicants who receive the Federal Grant stands at 77%. On the other hand, 95% of the candidates get the Student Grant, 62% receive the Institution Grant, and 77% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,882, and the same stands at $3,255 for State Grant awardees and $6,506 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,129. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Jackson State University, the percentage of candidates who opt to avail of student loans is around 79%.