It is interesting to note that, every year, around 79% of students at SBU receive some kind of financial aid, while the total amount of assistance/loans provided is $38,812,746. Notably, a total of 36% of the applicants to Stony Brook University receive the Federal Grant every year. On the other hand, 72% of the candidates get the Student Grant, 69% receive the Institution Grant, and 36% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,467, the State Grant receivers and Institution Grant beneficiaries get $4,523 and $4,666, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,913. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 40% of the applicants to Stony Brook University opt for student loans.