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. As many as 95% of the students at NSCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $6,371,313 in a year. The total percentage of candidates applying to Nashville State Community College who receive the Federal Grant is 67%. On the other hand, 93% of the candidates get the Student Grant, 1% receive the Institution Grant, and 65% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,872, the State Grant receivers and Institution Grant beneficiaries get $2,735 and $2,804, respectively. And, for the Pell Grant awardees, the average aid amount is $3,871. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 12% of the applicants to Nashville State Community College opt for student loans.