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. Notably, around 97% of the students at Northeast State Community College receive some kind of financial aid every year, official data shows. Notably, a total of 64% of the applicants to Northeast State Community College receive the Federal Grant every year. On the other hand, 97% of the candidates get the Student Grant, 9% receive the Institution Grant, and 64% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,317, while the same comes to $3,200 for State Grant receivers and $1,310 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $3,848. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 4% of the applicants to Northeast State Community College opt for student loans.