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, every year, around 97% of students at JU receive some kind of financial aid, while the total amount of assistance/loans provided is $3,130,611. At JU, the total percentage of applicants who receive the Federal Grant stands at 41%. On the other hand, 94% of the candidates get the Student Grant, 90% receive the Institution Grant, and 41% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,453, and the same stands at $4,814 for State Grant awardees and $3,948 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,255. 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 63% of the applicants to Johnson University opt for student loans.