Students can avail of scholarships provided by the college, 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, if they find educational expenses to be on the higher side. Notably, around 84% of the students at Tennessee College of Applied Technology-Livingston receive some kind of financial aid every year, official data shows. At TCATL, the total percentage of applicants who receive the Federal Grant stands at 72%. On the other hand, 81% of the candidates get the Student Grant, 2% receive the Institution Grant, and 57% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $2,561, and the same stands at $1,713 for State Grant awardees and $457 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,167. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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.