As many as 94% of the students at WVU get some sort of financial aid, and the total amount of assistance/loans provided is more than $63,534,564 in a year. The total percentage of candidates applying to West Virginia University who receive the Federal Grant is 27%. In comparison, 84% of the students are awarded the Student Grant, 76% get the Institution Grant, and 27% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,951, and the same stands at $4,979 for State Grant awardees and $6,316 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,544. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 58% of the applicants to West Virginia University opt for student loans.