It is interesting to note that, every year, around 62% of students at SVA receive some kind of financial aid, while the total amount of assistance/loans provided is $8,446,020. The total percentage of candidates applying to School of Visual Arts who receive the Federal Grant is 18%. Meanwhile, 58% of the applicants receive the Student Grant and 56% are awarded the Institution Grant, while 18% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,630, the State Grant receivers and Institution Grant beneficiaries get $3,880 and $14,511, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,968. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At School of Visual Arts, the percentage of candidates who opt to avail of student loans is around 32%.