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 99% of the students at SAU get some sort of financial aid, and the total amount of assistance/loans provided is more than $9,557,986 in a year. Notably, a total of 39% of the applicants to Southern Adventist University receive the Federal Grant every year. On the other hand, 98% of the candidates get the Student Grant, 98% receive the Institution Grant, and 39% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,902, the State Grant receivers and Institution Grant beneficiaries get $4,693 and $8,702, respectively. And, for the Pell Grant awardees, the average aid amount is $4,823. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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. At SAU, an estimated number of 55% of the applicants choose to go for student loans.