Interestingly, almost all of the students at SPU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $8,128,253 in a year. One can visit SPU's financial aid page at http://www.saintpeters.edu/enrollment-services/student-financial-aid/ for more information. At SPU, the total percentage of applicants who receive the Federal Grant stands at 67%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 67% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,398, while the same comes to $11,231 for State Grant receivers and $23,172 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,204. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $34,901 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $33,963, while those falling in the $48,001-$75,000 income category get $28,701 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $24,883. And, for those with a family income of more than $110,000, the amount stands at $25,410. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 47% of the applicants to Saint Peter's University opt for student loans.