Such schemes include Joseph P. Gavenonis Scholarship, McKelvey Foundation Bronze Scholarship, Ohio College Opportunity Grant, and Technology Scholarship. As many as 95% of the students at LHU get some sort of financial aid, and the total amount of assistance/loans provided is more than $15,288,988 in a year. Notably, a total of 37% of the applicants to Lock Haven University receive the Federal Grant every year. In comparison, 66% of the students are awarded the Student Grant, 53% get the Institution Grant, and 32% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,383, and the same stands at $2,786 for State Grant awardees and $1,386 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,634. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 83% of the applicants to Lock Haven University opt for student loans.