Interestingly, almost all of the students at TWU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $8,056,937 in a year. At TWU, the total percentage of applicants who receive the Federal Grant stands at 58%. In comparison, 100% of the students are awarded the Student Grant, 99% get the Institution Grant, and 58% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,572, the State Grant receivers and Institution Grant beneficiaries get $3,895 and $17,041, respectively. And, for the Pell Grant awardees, the average aid amount is $4,592. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Texas Wesleyan University, the percentage of candidates who opt to avail of student loans is around 63%.