As many as 90% of the students at TUW get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,342,092 in a year. More information regarding the financial assistance schemes can be accessed on TUW’s official financial aid page at http://www.tuw.edu/admissions/tuition/financial-aid-information/. At TUW, the total percentage of applicants who receive the Federal Grant stands at 76%. Meanwhile, 90% of the applicants receive the Student Grant and 29% are awarded the Institution Grant, while 76% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,235, while the same comes to $9,079 for State Grant receivers and $2,316 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $6,243. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $11,397 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $6,160 and $5,833, respectively. 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. Candidates are also required to repay these loans within a given period. Every year, around 48% of the applicants to Touro University Worldwide opt for student loans.