It is interesting to note that, every year, a substantial number of students at JMVU receive some kind of financial aid, and the total amount of the assistance/loans provided stands at $86,023. And, for the Pell Grant awardees, the average aid amount is $4,005. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe.