Among them are scholarship programs such as Log Cabin Rustics Scholarship, T.H. Bell Teaching Incentive Loan, and Western Undergraduate Exchange. Notably, 74% of the students at Utah Valley University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $40,636,921. The total percentage of candidates applying to Utah Valley University who receive the Federal Grant is 28%. On the other hand, 65% of the candidates get the Student Grant, 43% receive the Institution Grant, and 28% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,011, while the same comes to $1,664 for State Grant receivers and $3,810 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $5,035. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Utah Valley University, the percentage of candidates who opt to avail of student loans is around 18%.