It is interesting to note that, every year, around 94% of students at TWST receive some kind of financial aid, while the total amount of assistance/loans provided is $6,129,136. Notably, a total of 77% of the applicants to Tulsa Welding School-Tulsa receive the Federal Grant every year. In comparison, 89% of the students are awarded the Student Grant, 60% get the Institution Grant, and 77% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,351, and the same stands at $2,122 for State Grant awardees and $1,904 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,202. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At TWST, an estimated number of 84% of the applicants choose to go for student loans.