As many as 90% of the students at IWCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $16,817,199 in a year. The total percentage of candidates applying to Iowa Western Community College who receive the Federal Grant is 56%. On the other hand, 90% of the candidates get the Student Grant, 43% receive the Institution Grant, and 56% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,894, while the same comes to $1,817 for State Grant receivers and $4,486 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,308. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At IWCC, an estimated number of 71% of the applicants choose to go for student loans.