Students can avail of scholarships provided by the university, such as Dr. Allen Smith Memorial Scholarship, Educational Assistance Commitment Grant, James R. Hunt Memorial Scholarship, and Larry and Doris Clark Scholarship, if they find educational expenses to be on the higher side. Notably, 92% of the students at Kent State University at Ashtabula get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,367,127. At KSUA, the total percentage of applicants who receive the Federal Grant stands at 56%. In comparison, 86% of the students are awarded the Student Grant, 54% get the Institution Grant, and 56% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,249. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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 54% of the applicants to Kent State University at Ashtabula opt for student loans.