Among them are scholarship programs such as Academic and Achievement Awards, Alice Powers Scholarship, Byron E. Morris Scholarship, and Carlson Scholarship. Notably, 99% of the students at The College of Wooster get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,037,198. The total percentage of candidates applying to The College of Wooster who receive the Federal Grant is 23%. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 23% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,732, the State Grant receivers and Institution Grant beneficiaries get $2,793 and $34,233, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,557. 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. 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 50% of the applicants to The College of Wooster opt for student loans.