Notably, a number of students enrolled in United States University opt for some kind of financial aid every year. Also, the total amount of assistance/loans provided adds up to around $113,540. On the other hand, the average aid received by the Pell Grant awardees is $5,297. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period.