It is interesting to note that, every year, around 97% of students at SLU receive some kind of financial aid, while the total amount of assistance/loans provided is $21,780,335. More information regarding the financial assistance schemes can be accessed on SLU’s official financial aid page at http://www.slu.edu/financial-aid/index.php. The total percentage of candidates applying to Saint Louis University who receive the Federal Grant is 19%. In comparison, 97% of the students are awarded the Student Grant, 97% get the Institution Grant, and 19% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,906, and the same stands at $2,636 for State Grant awardees and $27,530 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,401. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $36,677 in a year. The average aid amount stands at $35,397 for an annual family income between $30,001 and $48,000. This amount comes to $31,875 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $27,750, while candidates with more than $110,000 of family income receive an average federal aid of $22,555. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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. Every year, around 51% of the applicants to Saint Louis University opt for student loans.