Among them are scholarship programs such as All Iowa Opportunity Foster Care Grant, August & Edna Zahatko Scholarship, Bill & Hilda Macomber Alta Kahl Scholarship, and College Opportunity Scholarship. As many as 79% of the students at IWU get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,431,895 in a year. At IWU, the total percentage of applicants who receive the Federal Grant stands at 53%. Meanwhile, 79% of the applicants receive the Student Grant and 78% are awarded the Institution Grant, while 53% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $2,766, the State Grant receivers and Institution Grant beneficiaries get $2,825 and $9,926, respectively. And, for the Pell Grant awardees, the average aid amount is $2,587. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Iowa Wesleyan University, the percentage of candidates who opt to avail of student loans is around 67%.