Notably, 99% of the students at University of Charleston get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,132,764. The total percentage of candidates applying to University of Charleston who receive the Federal Grant is 49%. In comparison, 98% of the students are awarded the Student Grant, 90% get the Institution Grant, and 49% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,793, the State Grant receivers and Institution Grant beneficiaries get $4,141 and $18,265, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,421. 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. 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. At University of Charleston, the percentage of candidates who opt to avail of student loans is around 64%.