Students can avail of scholarships provided by the university, such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B, if they find educational expenses to be on the higher side. As many as 92% of the students at PLNU get some sort of financial aid, and the total amount of assistance/loans provided is more than $12,703,430 in a year. For additional information about financial assistance schemes, one can head over to PLNU’s financial aid page at http://www.pointloma.edu/financialaid. The total percentage of candidates applying to Point Loma Nazarene University who receive the Federal Grant is 19%. Meanwhile, 89% of the applicants receive the Student Grant and 89% are awarded the Institution Grant, while 19% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,093, the State Grant receivers and Institution Grant beneficiaries get $8,249 and $14,824, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,456. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $25,755 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $23,163 and $20,408, respectively. On the other hand, the average federal aid stands at $17,070 for those with an annual family income between $75,001 and $110,000, and at $11,329 for an income more than $110,000. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At PLNU, an estimated number of 54% of the applicants choose to go for student loans.