Students can avail of scholarships provided by the university, such as Abe and Annie Seibel Foundation Loan, Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption, Church Matching, and Dean's Scholarship, if they find educational expenses to be on the higher side. Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,757,086. The total percentage of candidates applying to Hardin-Simmons University who receive the Federal Grant is 43%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 43% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,823, the State Grant receivers and Institution Grant beneficiaries get $2,653 and $15,847, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,370. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 Hardin-Simmons University, the percentage of candidates who opt to avail of student loans is around 65%.