Such schemes include Act 30+ Scholarship, Board of Supervisors Enhancement Scholarship, Board of Supervisors Scholarship, and Early Grads Summer Incentives Scholarship. It is interesting to note that, every year, around 96% of students at SLU receive some kind of financial aid, while the total amount of assistance/loans provided is $32,719,470. The total percentage of candidates applying to Southeastern Louisiana University who receive the Federal Grant is 46%. On the other hand, 93% of the candidates get the Student Grant, 67% receive the Institution Grant, and 46% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,910, and the same stands at $5,262 for State Grant awardees and $2,473 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,589. 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. 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. At Southeastern Louisiana University, the percentage of candidates who opt to avail of student loans is around 50%.