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 $3,596,634. Notably, a total of 63% of the applicants to Mercyhurst University-North East Campus receive the Federal Grant every year. On the other hand, 95% of the candidates get the Student Grant, 95% receive the Institution Grant, and 63% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,471, and the same stands at $3,925 for State Grant awardees and $7,350 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,308. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Mercyhurst University-North East Campus, the percentage of candidates who opt to avail of student loans is around 87%.