It is interesting to note that, every year, around 76% of students at TSU receive some kind of financial aid, while the total amount of assistance/loans provided is $112,141,617. One can visit TSU's financial aid page at http://www.finaid.txstate.edu/ for more information. The total percentage of candidates applying to Texas State University who receive the Federal Grant is 42%. In comparison, 64% of the students are awarded the Student Grant, 12% get the Institution Grant, and 42% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,792, and the same stands at $6,507 for State Grant awardees and $4,957 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,642. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 TSU, an estimated number of 60% of the applicants choose to go for student loans.