As many as 5% of the students at FUA receive some kind of financial aid, shows the latest data. At FUA, the total percentage of applicants who receive the Federal Grant stands at 3%. Meanwhile, 3% of the applicants receive the Student Grant and 3% are awarded the Institution Grant, while 3% of the students get the Pell Grant. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 3% of the applicants to Fairfax University of America opt for student loans.