It is interesting to note that almost every student at SIU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $52,191. The total percentage of candidates applying to San Ignacio University who receive the Federal Grant is 22%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 22% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,256. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 13% of the applicants to San Ignacio University opt for student loans.