13,813 students (82% of total 16,771 undergraduate students) have awarded federal, state, local, institutional or other sources of grant aid at University of Memphis (UofM). The average amount of the aid awarded is $8,459.
For the first-time, full-time beginning students (freshmen), 95% of total 2,535 enrolled students have received any kind of financial aid and its average amount of aid received is $11,793.
At University of Memphis, 13,813 undergraduate students (82% of total 16,771 students) have received financial aid including grants, scholarships, and/or federal student loans. The average amount of aid received is $8,459.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| Grant or Scholarship | 13,813 | 82% | $116,849,094 | $8,459 |
| Pell Grants | 6,913 | 41% | $45,757,921 | $6,619 |
| Federal Student Loan | 6,355 | 38% | $42,610,673 | $6,705 |
2,405 beginning undergraduate students (95% of total 2,535 enrolled freshmen) have received financial aid including grants, scholarships, and/or federal student loans at University of Memphis. The average amount of aid received is $11,793.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| Any Financial Aid | 2,405 | 95% | - | - |
| Grants or Scholarships | 2,326 | 92% | $27,431,651 | $11,793 |
| Federal Grants | 1,621 | 64% | $11,712,425 | $7,225 |
| Pell Grants | 1,621 | 64% | $11,226,425 | $6,926 |
| Other Federal Grants | 453 | 18% | $486,000 | $1,073 |
| State/Local Grants | 1,803 | 71% | $10,324,123 | $5,726 |
| Institutional Grants | 1,501 | 59% | $5,395,103 | $3,594 |
| Student Loan Aid | 1,194 | 47% | $6,725,854 | $5,633 |
| Federal Student Loans | 1,181 | 47% | $5,888,672 | $4,986 |
| Other Student Loans | 63 | 2% | $837,182 | $13,289 |
The following table shows the number of students awarded and the average grants / scholarship aid amount by income level for the academic year 2023-2024 at University of Memphis.
The sources of grants and scholarship aid are the federal government, state/local government, or the institution. For the statistics, only students who paid the in-state or in-district tuition rate are considered.
| Income Level | Number of Students | Number of Students Awarded | Total Amount Aid Awarded | Average Amount Aid Awarded |
|---|---|---|---|---|
| All level | 1,488 | 1,446 | $17,724,029 | $11,911 |
| 0-30,000 | 668 | 667 | $9,471,792 | $14,179 |
| 30,001-48,000 | 346 | 344 | $4,553,830 | $13,161 |
| 48,001-75,000 | 208 | 201 | $2,039,834 | $9,807 |
| 75,001-110,000 | 132 | 115 | $866,417 | $6,564 |
| 110,001 or more | 134 | 119 | $792,156 | $5,912 |
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