Such schemes include Chapter 105 - Memphis - Les Segar Memorial Scholarship, Dr. Richard Forrest & Ella Dudney Kelsey Memorial Scholarship, Tennessee HOPE Scholarship, and Tennessee Student Assistance Award. As many as 94% of the students at VSCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,844,642 in a year. More information regarding the financial assistance schemes can be accessed on VSCC’s official financial aid page at http://www.volstate.edu/FinancialAid/. Notably, a total of 52% of the applicants to Volunteer State Community College receive the Federal Grant every year. On the other hand, 93% of the candidates get the Student Grant, 5% receive the Institution Grant, and 52% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,402, and the same stands at $3,169 for State Grant awardees and $1,643 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $3,767. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 6% of the applicants to Volunteer State Community College opt for student loans.