Students can avail of scholarships provided by the university, such as Active Member Scholarship, Harold F. Eppson Memorial Scholarship, James Wilson Anderson Scholarship, and Log Cabin Rustics Scholarship, if they find educational expenses to be on the higher side. Notably, 93% of the students at University of Wyoming get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $21,174,741. Notably, a total of 20% of the applicants to University of Wyoming receive the Federal Grant every year. In comparison, 86% of the students are awarded the Student Grant, 72% get the Institution Grant, and 20% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,738, the State Grant receivers and Institution Grant beneficiaries get $4,880 and $5,855, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,360. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At UW, an estimated number of 39% of the applicants choose to go for student loans.