Such schemes include Academic Achievement Scholarship, All Iowa Opportunity Foster Care Grant, August & Edna Zahatko Scholarship, and Bill & Hilda Macomber Alta Kahl Scholarship. It is interesting to note that, every year, around 72% of students at BCU receive some kind of financial aid, while the total amount of assistance/loans provided is $4,651,811. At BCU, the total percentage of applicants who receive the Federal Grant stands at 33%. In comparison, 72% of the students are awarded the Student Grant, 72% get the Institution Grant, and 31% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,541, while the same comes to $6,113 for State Grant receivers and $20,088 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,181. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At BCU, an estimated number of 57% of the applicants choose to go for student loans.