As many as 94% of the students at NJCU get some sort of financial aid, and the total amount of assistance/loans provided is more than $21,947,669 in a year. One can visit NJCU's financial aid page at http://www.njcu.edu/financialaid for more information. Notably, a total of 75% of the applicants to New Jersey City University receive the Federal Grant every year. Meanwhile, 90% of the applicants receive the Student Grant and 58% are awarded the Institution Grant, while 75% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,207, and the same stands at $5,877 for State Grant awardees and $3,578 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,825. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 38% of the applicants to New Jersey City University opt for student loans.