Among them are scholarship programs such as Alice Ann Garner Scholarship, Amy L. McKee-Everett Memorial Scholarship, Birds Eye Foods (Brooks Foods) Scholarship, and Blackford Agriculture Scholarship. It is interesting to note that almost every student at SMWC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $4,197,205. Notably, a total of 62% of the applicants to Saint Mary-of-the-Woods College receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 60% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,042, while the same comes to $7,639 for State Grant receivers and $18,417 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,720. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At SMWC, an estimated number of 69% of the applicants choose to go for student loans.