Students can avail of scholarships provided by the university, such as ATMI Scholarship - Ancell School of Business, Alumni Association Graduate Scholarship, American Association of University Women Scholarship, and Anapurna Kanungo Biology Award, if they find educational expenses to be on the higher side. Notably, 85% of the students at Western Connecticut State University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $23,438,307. One can visit WCSU's financial aid page at http://www.wcsu.edu/finaid/ for more information. At WCSU, the total percentage of applicants who receive the Federal Grant stands at 35%. Meanwhile, 76% of the applicants receive the Student Grant and 61% are awarded the Institution Grant, while 35% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,860, while the same comes to $2,940 for State Grant receivers and $3,356 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,401. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 62% of the applicants to Western Connecticut State University opt for student loans.