It is interesting to note that, every year, around 98% of students at CW receive some kind of financial aid, while the total amount of assistance/loans provided is $707,704. At CW, the total percentage of applicants who receive the Federal Grant stands at 98%. On the other hand, 98% of the candidates get the Student Grant, while 98% receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $2,339. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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. At CW, an estimated number of 98% of the applicants choose to go for student loans.