It is interesting to note that almost every student at SLU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $8,517,092. Notably, a total of 23% of the applicants to St Lawrence University receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 23% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,638, the State Grant receivers and Institution Grant beneficiaries get $3,063 and $34,625, respectively. And, for the Pell Grant awardees, the average aid amount is $4,731. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At St Lawrence University, the percentage of candidates who opt to avail of student loans is around 55%.