Interestingly, almost all of the students at TLU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $5,696,589 in a year. Notably, a total of 39% of the applicants to Texas Lutheran University receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 39% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,947, while the same comes to $3,117 for State Grant receivers and $17,949 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,546. 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. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 68% of the applicants to Texas Lutheran University opt for student loans.