It is interesting to note that, every year, around 96% of students at SU receive some kind of financial aid, while the total amount of assistance/loans provided is $10,183,839. The total percentage of candidates applying to Shepherd University who receive the Federal Grant is 39%. On the other hand, 87% of the candidates get the Student Grant, 68% receive the Institution Grant, and 38% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,063, while the same comes to $3,921 for State Grant receivers and $4,450 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,621. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 57% of the applicants to Shepherd University opt for student loans.