Students can avail of scholarships provided by the college, 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, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 94% of students at MSCC receive some kind of financial aid. Notably, a total of 50% of the applicants to Motlow State Community College receive the Federal Grant every year. On the other hand, 94% of the candidates get the Student Grant, 8% receive the Institution Grant, and 50% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,195, while the same comes to $3,438 for State Grant receivers and $2,959 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $3,936. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe.