Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,745,294. At MU, the total percentage of applicants who receive the Federal Grant stands at 46%. In comparison, 93% of the students are awarded the Student Grant, 93% get the Institution Grant, and 46% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,588, and the same stands at $3,295 for State Grant awardees and $13,870 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,469. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 85% of the applicants to Marian University opt for student loans.