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. As many as 96% of the students at TCATP receive some kind of financial aid, shows the latest data. At TCATP, the total percentage of applicants who receive the Federal Grant stands at 81%. On the other hand, 96% of the candidates get the Student Grant, 6% receive the Institution Grant, and 78% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $3,394, while the same comes to $1,991 for State Grant receivers and $1,066 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,218. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period.