It is interesting to note that, every year, around 78% of students at TC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,346,031. At TC, the total percentage of applicants who receive the Federal Grant stands at 70%. In comparison, 78% of the students are awarded the Student Grant, 22% get the Institution Grant, and 70% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $3,503, and the same stands at $4,010 for State Grant awardees and $2,493 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,443. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Candidates are also required to repay these loans within a given period. At Texas College, the percentage of candidates who opt to avail of student loans is around 68%.