Students can avail of scholarships provided by the university, such as Art and Helen Nickless Scholarship, Auburn Jaycees Education Scholarship, Bay Area Chamber Of Commerce Foundation Scholarship, and Bay City Civitan/Marcella Barber Scholarship, if they find educational expenses to be on the higher side. Notably, 98% of the students at Saginaw Valley State University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $30,063,130. Notably, a total of 36% of the applicants to Saginaw Valley State University receive the Federal Grant every year. On the other hand, 98% of the candidates get the Student Grant, 95% receive the Institution Grant, and 36% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,626, and the same stands at $1,195 for State Grant awardees and $5,379 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,443. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SVSU, an estimated number of 64% of the applicants choose to go for student loans.