Among them are scholarship programs such as NEEBC Scholarship Award. It is interesting to note that almost every student at TMU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $7,378,855. The total percentage of candidates applying to Thomas More University who receive the Federal Grant is 45%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 45% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,565, while the same comes to $4,289 for State Grant receivers and $16,312 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,241. 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. 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. At Thomas More University, the percentage of candidates who opt to avail of student loans is around 69%.