Such schemes include Alumni Award, Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, and Dean's Scholarship. Notably, 98% of the students at Baldwin Wallace University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $7,845,698. More information regarding the financial assistance schemes can be accessed on BWU’s official financial aid page at https://www.bw.edu/about/offices/financial-aid/. At BWU, the total percentage of applicants who receive the Federal Grant stands at 39%. In comparison, 98% of the students are awarded the Student Grant, 98% get the Institution Grant, and 39% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,101, and the same stands at $2,928 for State Grant awardees and $19,796 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,812. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $25,837 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $25,494 and $21,753, respectively. Those with an annual income level of $75,001-$110,000 would receive $18,204, while candidates with more than $110,000 of family income receive an average federal aid of $15,226. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Baldwin Wallace University, the percentage of candidates who opt to avail of student loans is around 94%.