Among them are scholarship programs such as Educational Foundation of the KYCPA Scholarships, Hallmark Scholarship, Mary Jo Young Dual Credit Scholarship, and Presidential Scholarship. It is interesting to note that, every year, around 98% of students at WKU receive some kind of financial aid, while the total amount of assistance/loans provided is $46,181,335. More information regarding the financial assistance schemes can be accessed on WKU’s official financial aid page at http://www.wku.edu/financialaid/. Notably, a total of 39% of the applicants to Western Kentucky University receive the Federal Grant every year. Meanwhile, 95% of the applicants receive the Student Grant and 69% are awarded the Institution Grant, while 39% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,583, while the same comes to $2,762 for State Grant receivers and $5,823 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,332. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At WKU, an estimated number of 53% of the applicants choose to go for student loans.