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. Notably, around 83% of the students at Tennessee College of Applied Technology-Knoxville receive some kind of financial aid every year, official data shows. The total percentage of candidates applying to Tennessee College of Applied Technology-Knoxville who receive the Federal Grant is 50%. Meanwhile, 83% of the applicants receive the Student Grant, while 49% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $2,934. 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. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe.