It is interesting to note that, every year, around 98% of students at RMUI receive some kind of financial aid, while the total amount of assistance/loans provided is $10,211,116. At RMUI, the total percentage of applicants who receive the Federal Grant stands at 72%. On the other hand, 97% of the candidates get the Student Grant, 88% receive the Institution Grant, and 72% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,445, while the same comes to $4,127 for State Grant receivers and $12,130 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,164. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 81% of the applicants to Robert Morris University Illinois opt for student loans.