As many as 61% of the students at TC get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,994,000 in a year. More information regarding the financial assistance schemes can be accessed on TC’s official financial aid page at http://www.talladega.edu/students/financialaid.asp. At TC, the total percentage of applicants who receive the Federal Grant stands at 48%. In comparison, 61% of the students are awarded the Student Grant, 51% get the Institution Grant, and 47% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,924. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $5,751 per year. The average aid amount stands at $15,202 for an annual family income between $30,001 and $48,000. This amount comes to $9,449 for those who fall under the $48,001-$75,000 family income bracket. 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. At Talladega College, the percentage of candidates who opt to avail of student loans is around 47%.