Notably, 96% of the students at North Carolina A & T State University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $52,980,244. The total percentage of candidates applying to North Carolina A & T State University who receive the Federal Grant is 62%. Meanwhile, 80% of the applicants receive the Student Grant and 67% are awarded the Institution Grant, while 61% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,360, while the same comes to $3,157 for State Grant receivers and $3,395 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,971. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At North Carolina A & T State University, the percentage of candidates who opt to avail of student loans is around 81%.