It is interesting to note that, every year, around 85% of students at SA receive some kind of financial aid, while the total amount of assistance/loans provided is $50,552,454. The total percentage of candidates applying to SUNY at Albany who receive the Federal Grant is 42%. On the other hand, 69% of the candidates get the Student Grant, 65% receive the Institution Grant, and 42% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,081, the State Grant receivers and Institution Grant beneficiaries get $4,235 and $3,001, respectively. And, for the Pell Grant awardees, the average aid amount is $4,938. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SA, an estimated number of 63% of the applicants choose to go for student loans.