Among them are scholarship programs such as Anthony Munoz Foundation Scholarship Fund, Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, and Dr. Allen Smith Memorial Scholarship. It is interesting to note that almost every student at WU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $9,034,848. The total percentage of candidates applying to Wittenberg University who receive the Federal Grant is 38%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 38% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,044, the State Grant receivers and Institution Grant beneficiaries get $3,088 and $26,860, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,975. 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. 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.