It is interesting to note that almost every student at WLC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $200,683. At WLC, the total percentage of applicants who receive the Federal Grant stands at 45%. On the other hand, 45% of the candidates get the Student Grant, 18% receive the Institution Grant, and 45% get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $2,935. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 82% of the applicants to Wave Leadership College opt for student loans.