Students can avail of scholarships provided by the university, such as Academic Scholarship, Bailey Scholarship, Music Scholarship, and Phi Theta Kappa Scholarship, if they find educational expenses to be on the higher side. Notably, 99% of the students at University of Sioux Falls get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,391,123. The total percentage of candidates applying to University of Sioux Falls who receive the Federal Grant is 35%. In comparison, 99% of the students are awarded the Student Grant, 98% get the Institution Grant, and 35% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,044, while the same comes to $1,887 for State Grant receivers and $7,576 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,437. 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. At USF, an estimated number of 82% of the applicants choose to go for student loans.