Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,427,833. More information regarding the financial assistance schemes can be accessed on SAU’s official financial aid page at http://www.sau.edu/cost-and-aid. Notably, a total of 29% of the applicants to Saint Ambrose University receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 29% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,349, and the same stands at $5,180 for State Grant awardees and $17,343 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,114. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $22,488 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $22,122, while those falling in the $48,001-$75,000 income category get $19,246 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $18,304. And, for those with a family income of more than $110,000, the amount stands at $15,423. 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. Candidates are also required to repay these loans within a given period. At Saint Ambrose University, the percentage of candidates who opt to avail of student loans is around 73%.