Such schemes include Dr. Allen Smith Memorial Scholarship, James R. Hunt Memorial Scholarship, Larry and Doris Clark Scholarship, and Minority Journalism Scholarship. As many as 89% of the students at OMSVV get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,722,428 in a year. At OMSVV, the total percentage of applicants who receive the Federal Grant stands at 89%. In comparison, 89% of the students get the Student Grant, and 89% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,521. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. Every year, around 86% of the applicants to Ohio Media School-Valley View opt for student loans.