Students can avail of scholarships provided by the university, such as North Carolina Student Incentive Grant, Thurgood Marshall College Fund Scholarships, and Triangle Scholarship Program, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 97% of students at WSSU receive some kind of financial aid, while the total amount of assistance/loans provided is $22,928,948. The total percentage of candidates applying to Winston-Salem State University who receive the Federal Grant is 75%. Meanwhile, 90% of the applicants receive the Student Grant and 56% are awarded the Institution Grant, while 75% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,338, and the same stands at $2,458 for State Grant awardees and $2,913 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,959. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At WSSU, an estimated number of 84% of the applicants choose to go for student loans.