Notably, around 93% of the students at Tennessee College of Applied Technology-McMinnville receive some kind of financial aid every year, official data shows. The total percentage of candidates applying to Tennessee College of Applied Technology-McMinnville who receive the Federal Grant is 65%. In comparison, 93% of the students get the Student Grant, and 65% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $2,462. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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.