Notably, almost all of the school students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,405,530. At SPSNQ, the total percentage of applicants who receive the Federal Grant stands at 100%. In comparison, 100% of the students get the Student Grant, and 100% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,618. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 93% of the applicants to St Paul's School of Nursing-Queens opt for student loans.