Students can avail of scholarships provided by the university, such as Carnegie Dartlet $10,000 Scholarship, Centennial Scholarship, Chapter 105 - Memphis - Les Segar Memorial Scholarship, and Community Service Scholarship for Multicultural Students, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 98% of students at LU receive some kind of financial aid, while the total amount of assistance/loans provided is $22,848,882. The total percentage of candidates applying to Lee University who receive the Federal Grant is 34%. On the other hand, 92% of the candidates get the Student Grant, 82% receive the Institution Grant, and 34% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,859, and the same stands at $4,719 for State Grant awardees and $10,375 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,681. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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. Every year, around 88% of the applicants to Lee University opt for student loans.