As mentioned, if one finds the fees and cost of living at SLU to be on the higher side, the financial aid department of the varsity would be of huge assistance. They can assist students with scholarships, grants, and student loans as well. The average federal grant that comes from the university is around $5,906, whereas the financial aid is $27,530. The university provides financial assistance in the form of state-level aid worth $2,636 and institutional aid worth $27,530. At SLU, the total amount of need-based scholarships/grants awarded to students stands at $1,604,581 per year. On the other hand, the total non-need-based scholarships/grants offered in a year add up to $53,617,490.