Among them are scholarship programs such as ACT/SAT Scholarship, Abe and Annie Seibel Foundation Loan, Abilene Christian University - National Merit Scholarship, and Abilene Christian University - Tuition Waiver Exchange Program. Interestingly, almost all of the students at ACU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $19,263,408 in a year. At ACU, the total percentage of applicants who receive the Federal Grant stands at 30%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 30% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,947, and the same stands at $3,445 for State Grant awardees and $18,865 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,636. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 58% of the applicants to Abilene Christian University opt for student loans.