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. As many as 98% of the students at TCATR receive some kind of financial aid, shows the latest data. The total percentage of candidates applying to Tennessee College of Applied Technology-Ripley who receive the Federal Grant is 89%. On the other hand, 98% of the candidates get the Student Grant, 1% receive the Institution Grant, and 86% get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,763. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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.