It is interesting to note that, every year, around 92% of students at KU receive some kind of financial aid, while the total amount of assistance/loans provided is $49,820,839. For additional information about financial assistance schemes, one can head over to KU’s financial aid page at http://www.kean.edu/offices/financial-aid. The total percentage of candidates applying to Kean University who receive the Federal Grant is 60%. In comparison, 76% of the students are awarded the Student Grant, 29% get the Institution Grant, and 60% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,004, while the same comes to $5,242 for State Grant receivers and $2,359 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,597. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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. Every year, around 65% of the applicants to Kean University opt for student loans.