Such schemes include Abe and Annie Seibel Foundation Loan, Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption, Dr. Joseph Graham Fellowship for College Pro-Life Leaders, and Faye and Rendell Webb Scholarship. Notably, 76% of the students at Tyler Junior College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $17,239,338. The total percentage of candidates applying to Tyler Junior College who receive the Federal Grant is 56%. Meanwhile, 70% of the applicants receive the Student Grant and 19% are awarded the Institution Grant, while 54% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,163, while the same comes to $2,490 for State Grant receivers and $4,491 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,757. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At TJC, an estimated number of 38% of the applicants choose to go for student loans.