Among them are scholarship programs such as Chapter 105 - Memphis - Les Segar Memorial Scholarship, Dr. Richard Forrest & Ella Dudney Kelsey Memorial Scholarship, Tennessee HOPE Scholarship, and Tennessee Student Assistance Award. It is interesting to note that almost every student at CBU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $7,098,696. The total percentage of candidates applying to Christian Brothers University who receive the Federal Grant is 42%. On the other hand, 100% of the candidates get the Student Grant, 99% receive the Institution Grant, and 42% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,035, the State Grant receivers and Institution Grant beneficiaries get $5,407 and $18,736, respectively. And, for the Pell Grant awardees, the average aid amount is $4,493. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 55% of the applicants to Christian Brothers University opt for student loans.