It is interesting to note that, every year, around 88% of students at PCAI receive some kind of financial aid, while the total amount of assistance/loans provided is $383,994. Notably, a total of 56% of the applicants to Paier College of Art Inc receive the Federal Grant every year. In comparison, 63% of the students are awarded the Student Grant, 19% get the Institution Grant, and 56% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,695. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At PCAI, an estimated number of 81% of the applicants choose to go for student loans.