As many as 80% of the students at TC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,412,722 in a year. At TC, the total percentage of applicants who receive the Federal Grant stands at 80%. On the other hand, 80% of the candidates get the Student Grant, while 80% receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,615. 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. 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 80% of the applicants to Taylor College opt for student loans.