Interestingly, almost all of the students at WVC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $635,155 in a year. More information regarding the financial assistance schemes can be accessed on WVC’s official financial aid page at http://www.iecc.edu/financial. Notably, a total of 41% of the applicants to Wabash Valley College receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 80% are awarded the Institution Grant, while 41% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,732, and the same stands at $1,666 for State Grant awardees and $2,808 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,457. 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. 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 Wabash Valley College, the percentage of candidates who opt to avail of student loans is around 15%.