Such schemes include Abe and Annie Seibel Foundation Loan, Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption, Dr. Joseph Graham Fellowship for College Pro-Life Leaders, and Faye and Rendell Webb Scholarship. Notably, 88% of the students at Vernon College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,700,830. Notably, a total of 66% of the applicants to Vernon College receive the Federal Grant every year. Meanwhile, 80% of the applicants receive the Student Grant and 21% are awarded the Institution Grant, while 66% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,434, the State Grant receivers and Institution Grant beneficiaries get $3,020 and $3,591, respectively. And, for the Pell Grant awardees, the average aid amount is $5,460. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At VC, an estimated number of 39% of the applicants choose to go for student loans.