It is interesting to note that almost every student at PCAD receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $1,430,256. Notably, a total of 48% of the applicants to Pennsylvania College of Art and Design receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 48% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,866, and the same stands at $3,585 for State Grant awardees and $4,375 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,518. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Candidates are also required to repay these loans within a given period. Every year, around 91% of the applicants to Pennsylvania College of Art and Design opt for student loans.