Such schemes include Chapter 105 - Memphis - Les Segar Memorial Scholarship, Dr. Richard Forrest & Ella Dudney Kelsey Memorial Scholarship, Tennessee HOPE Scholarship, and Tennessee Student Assistance Award. It is interesting to note that almost every student at TCATJ receives some kind of financial aid. More information regarding the financial assistance schemes can be accessed on TCATJ’s official financial aid page at http://www.tcatjacksboro.edu. At TCATJ, the total percentage of applicants who receive the Federal Grant stands at 86%. On the other hand, 100% of the candidates get the Student Grant, while 86% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,851. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe.