It is interesting to note that, every year, around 92% of students at RSI receive some kind of financial aid, while the total amount of assistance/loans provided is $7,825,694. Notably, a total of 77% of the applicants to Refrigeration School Inc receive the Federal Grant every year. Meanwhile, 85% of the applicants receive the Student Grant and 47% are awarded the Institution Grant, while 77% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,965, while the same comes to $11,259 for State Grant receivers and $1,623 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,512. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At RSI, an estimated number of 77% of the applicants choose to go for student loans.