Among them are scholarship programs such as Abe and Annie Seibel Foundation Loan, Carnegie Dartlet $10,000 Scholarship, Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption, and Community Service Scholarship for Multicultural Students. As many as 94% of the students at WBU get some sort of financial aid, and the total amount of assistance/loans provided is more than $13,720,677 in a year. Notably, a total of 54% of the applicants to Wayland Baptist University receive the Federal Grant every year. In comparison, 91% of the students are awarded the Student Grant, 83% get the Institution Grant, and 54% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,694, while the same comes to $3,315 for State Grant receivers and $3,445 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $3,421. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At Wayland Baptist University, the percentage of candidates who opt to avail of student loans is around 79%.