Interestingly, almost all of the students at SCU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $17,062,686 in a year. Notably, a total of 48% of the applicants to St Catherine University receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 47% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,176, while the same comes to $5,517 for State Grant receivers and $24,068 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,414. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 SCU, an estimated number of 69% of the applicants choose to go for student loans.