As many as 95% of the students at SIUC get some sort of financial aid, and the total amount of assistance/loans provided is more than $35,498,621 in a year. One can visit SIUC's financial aid page at http://fao.siu.edu/ for more information. Notably, a total of 42% of the applicants to Southern Illinois University-Carbondale receive the Federal Grant every year. Meanwhile, 90% of the applicants receive the Student Grant and 83% are awarded the Institution Grant, while 41% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,423, the State Grant receivers and Institution Grant beneficiaries get $5,306 and $8,285, respectively. And, for the Pell Grant awardees, the average aid amount is $4,685. 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. 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. Candidates are also required to repay these loans within a given period. Every year, around 58% of the applicants to Southern Illinois University-Carbondale opt for student loans.