Students can avail of scholarships provided by the university, such as Anthony Gobar Juvenile Justice Scholarship Fund, Development Fund for Black Students in Science and Technology Scholarship, Rockefeller State Wildlife Scholarship, and TOPS - Honors Award, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 99% of students at SUNO receive some kind of financial aid, while the total amount of assistance/loans provided is $13,958,495. Notably, a total of 90% of the applicants to Southern University at New Orleans receive the Federal Grant every year. Meanwhile, 93% of the applicants receive the Student Grant and 11% are awarded the Institution Grant, while 90% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $3,616, the State Grant receivers and Institution Grant beneficiaries get $3,250 and $1,152, respectively. And, for the Pell Grant awardees, the average aid amount is $5,120. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Southern University at New Orleans, the percentage of candidates who opt to avail of student loans is around 52%.