Such schemes include ACT/SAT Scholarships, CU Merit Academic Scholarship, Christa McAuliffe Scholarship, and Dean's Scholarship. It is interesting to note that almost every student at WAU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $6,326,415. At WAU, the total percentage of applicants who receive the Federal Grant stands at 55%. On the other hand, 100% of the candidates get the Student Grant, 99% receive the Institution Grant, and 55% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,185, while the same comes to $3,698 for State Grant receivers and $10,049 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,593. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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 WAU, an estimated number of 64% of the applicants choose to go for student loans.