Students can avail of scholarships provided by the university, such as Alice Ann Garner Scholarship, Amy L. McKee-Everett Memorial Scholarship, Birds Eye Foods (Brooks Foods) Scholarship, and Blackford Agriculture Scholarship, if they find educational expenses to be on the higher side. Notably, 99% of the students at Taylor University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,516,854. More information regarding the financial assistance schemes can be accessed on TU’s official financial aid page at https://www.taylor.edu/tuition-and-funding/. Notably, a total of 20% of the applicants to Taylor University receive the Federal Grant every year. In comparison, 98% of the students are awarded the Student Grant, 98% get the Institution Grant, and 20% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,185, while the same comes to $6,389 for State Grant receivers and $18,476 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,430. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $25,103 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $25,885 and $20,979, respectively. On the other hand, the average federal aid stands at $18,327 for those with an annual family income between $75,001 and $110,000, and at $14,742 for an income more than $110,000. 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. Candidates are also required to repay these loans within a given period. Every year, around 50% of the applicants to Taylor University opt for student loans.