Notably, 97% of the students at University of South Carolina Aiken get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $12,238,220. More information regarding the financial assistance schemes can be accessed on USCA’s official financial aid page at http://www.usca.edu/financialaid/index.dot. Notably, a total of 49% of the applicants to University of South Carolina Aiken receive the Federal Grant every year. Meanwhile, 94% of the applicants receive the Student Grant and 29% are awarded the Institution Grant, while 49% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,066, while the same comes to $4,364 for State Grant receivers and $2,578 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,795. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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 USCA, an estimated number of 61% of the applicants choose to go for student loans.