public class Grade
    {
        public Guid StudentId { get; set; }
        public string Value { get; set; }

        public static IEnumerable<Grade> GetData()
        {
            for (int i = 0; i < 10000; i++)
            {
                yield return new Grade
                                 {
                                     StudentId = GuidHelper.ListOfIds[i], Value = "Value " + i
                                 };
            }
        }
    }

    public class Student
    {
        public Guid Id { get; set; }
        public string Name { get; set; }
        public string Grade { get; set; }

        public static IEnumerable<Student> GetStudents()
        {
            for (int i = 0; i < 10000; i++)
            {
                yield return new Student
                                 {
                                     Id = GuidHelper.ListOfIds[i],
                                     Name = "Name " + i
                                 };
            }
        }
    }

    public class GuidHelper
    {
        public static List<Guid> ListOfIds=new List<Guid>();

        static GuidHelper()
        {
            for (int i = 0; i < 10000; i++)
            {
                ListOfIds.Add(Guid.NewGuid());
            }
        }
    }

    internal class Program
    {
        private static void Main(string[] args)
        {
            var stopwatch = new Stopwatch();
            List<Grade> grades = Grade.GetData().ToList();
            List<Student> students = Student.GetStudents().ToList();

            stopwatch.Start();
            foreach (Student student in students)
            {
                student.Grade = grades.Single(x => x.StudentId == student.Id).Value;
            }
            stopwatch.Stop();
            Console.WriteLine("Using list {0}", stopwatch.Elapsed);
            stopwatch.Reset();
            students = Student.GetStudents().ToList();
            stopwatch.Start();
            Dictionary<Guid, string> dictionary = Grade.GetData().ToDictionary(x => x.StudentId, x => x.Value);

            foreach (Student student in students)
            {
                student.Grade = dictionary[student.Id];
            }
            stopwatch.Stop();
            Console.WriteLine("Using dictionary {0}", stopwatch.Elapsed);
            Console.ReadKey();
        }
    }

   student.Grade = grades.Single(x => x.StudentId == student.Id).Value;

         student.Grade = dictionary[student.Id];