Such schemes include B&W Y-12 Scholarship, Chapter 105 - Memphis - Les Segar Memorial Scholarship, Dr. Richard Forrest & Ella Dudney Kelsey Memorial Scholarship, and Steven L. Coffey Memorial Scholarship. As many as 94% of the students at PSCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,804,564 in a year. One can visit PSCC's financial aid page at http://www.pstcc.edu/financial_aid/ for more information. Notably, a total of 49% of the applicants to Pellissippi State Community College receive the Federal Grant every year. In comparison, 93% of the students are awarded the Student Grant, 3% get the Institution Grant, and 49% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,234, and the same stands at $3,381 for State Grant awardees and $2,492 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,719. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At PSCC, an estimated number of 8% of the applicants choose to go for student loans.