Students can avail of scholarships provided by the university, such as Anthony Munoz Foundation Scholarship Fund, Cedarville Scholar Award, Cedarville University - Tuition Waiver Exchange Program, and Cedarville University/SAE Engineering Scholarship, if they find educational expenses to be on the higher side. Interestingly, almost all of the students at CU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $11,029,609 in a year. At CU, the total percentage of applicants who receive the Federal Grant stands at 23%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 22% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,434, while the same comes to $2,385 for State Grant receivers and $15,316 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,263. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 56% of the applicants to Cedarville University opt for student loans.