Such schemes include Beaumont A. and Winifred S. Herman Endowed Scholarship, Carnegie Dartlet $10,000 Scholarship, Clark and Harlean Shea Scholarship, and Community Service Scholarship for Multicultural Students. Notably, 99% of the students at Western New England University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $14,178,172. The total percentage of candidates applying to Western New England University who receive the Federal Grant is 30%. On the other hand, 97% of the candidates get the Student Grant, 97% receive the Institution Grant, and 30% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,937, and the same stands at $1,482 for State Grant awardees and $19,776 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,539. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At WNEU, an estimated number of 92% of the applicants choose to go for student loans.