Such schemes include Development Fund for Black Students in Science and Technology Scholarship, Dr. Allen Smith Memorial Scholarship, Education Foundation Scholarship, and Educational Assistance Commitment Grant. Interestingly, almost all of the students at WU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $3,794,624 in a year. At WU, the total percentage of applicants who receive the Federal Grant stands at 100%. In comparison, 100% of the students are awarded the Student Grant, 65% get the Institution Grant, and 100% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $7,456, while the same comes to $2,456 for State Grant receivers and $2,694 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,088. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At WU, an estimated number of 100% of the applicants choose to go for student loans.