As many as 99% of the students at WC get some sort of financial aid, and the total amount of assistance/loans provided is more than $8,121,882 in a year. Notably, a total of 20% of the applicants to Wheaton College receive the Federal Grant every year. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 20% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,601, the State Grant receivers and Institution Grant beneficiaries get $1,689 and $36,725, respectively. And, for the Pell Grant awardees, the average aid amount is $4,647. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Wheaton College, the percentage of candidates who opt to avail of student loans is around 76%.