Notably, 61% of the students at PCI Academy-Ames get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $747,412. At PAA, the total percentage of applicants who receive the Federal Grant stands at 35%. In comparison, 35% of the students get the Student Grant, and 35% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,826. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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 PAA, an estimated number of 61% of the applicants choose to go for student loans.