Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,199,000. More information regarding the financial assistance schemes can be accessed on TU’s official financial aid page at https://www.tuskegee.edu/admissions-aid. At TU, the total percentage of applicants who receive the Federal Grant stands at 93%. Meanwhile, 93% of the applicants receive the Student Grant and 33% are awarded the Institution Grant, while 86% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $3,018, while the same comes to $6,363 for State Grant receivers and $4,949 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $1,779. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $4,377 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $3,170 and $3,077, respectively. 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 TU, an estimated number of 25% of the applicants choose to go for student loans.