It is interesting to note that almost every student at MU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $24,489,451. Notably, a total of 22% of the applicants to Marquette University receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 21% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,984, and the same stands at $3,339 for State Grant awardees and $21,668 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,732. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At MU, an estimated number of 49% of the applicants choose to go for student loans.