Among them are scholarship programs such as B&W Y-12 Scholarship, Chapter 105 - Memphis - Les Segar Memorial Scholarship, Dr. Richard Forrest & Ella Dudney Kelsey Memorial Scholarship, and Tennessee HOPE Scholarship. It is interesting to note that, every year, around 97% of students at WSCC receive some kind of financial aid. Notably, a total of 60% of the applicants to Walters State Community College receive the Federal Grant every year. On the other hand, 97% of the candidates get the Student Grant, 16% receive the Institution Grant, and 60% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,486, and the same stands at $3,317 for State Grant awardees and $3,021 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,864. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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.