Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,194,538. For additional information about financial assistance schemes, one can head over to USK’s financial aid page at http://www.usk.edu/admissions/financial-aid/. Notably, a total of 51% of the applicants to University of Saint Katherine receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 51% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,057, and the same stands at $6,735 for State Grant awardees and $9,564 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,006. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $15,404 per year. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At USK, an estimated number of 79% of the applicants choose to go for student loans.