Students can avail of scholarships provided by the university, such as All Iowa Opportunity Foster Care Grant, August & Edna Zahatko Scholarship, Bill & Hilda Macomber Alta Kahl Scholarship, and Carnegie Dartlet $10,000 Scholarship, if they find educational expenses to be on the higher side. Interestingly, almost all of the students at GVU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $8,773,506 in a year. At GVU, the total percentage of applicants who receive the Federal Grant stands at 41%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 41% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,458, and the same stands at $5,415 for State Grant awardees and $15,187 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,471. 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. 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. At GVU, an estimated number of 77% of the applicants choose to go for student loans.