Notably, 91% of the students at William Paterson University of New Jersey get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $34,836,281. For additional information about financial assistance schemes, one can head over to WPUNJ’s financial aid page at http://www.wpunj.edu/financial-aid/. The total percentage of candidates applying to William Paterson University of New Jersey who receive the Federal Grant is 60%. Meanwhile, 75% of the applicants receive the Student Grant and 22% are awarded the Institution Grant, while 60% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,059, while the same comes to $5,462 for State Grant receivers and $6,977 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,685. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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 WPUNJ, an estimated number of 68% of the applicants choose to go for student loans.