Financial Aid at U of Memphis

Average Amount Received% Received Financial Aid
$8,469 84%
14,054 students (84% of total 16,702 undergraduate students) have awarded federal, state, local, institutional or other sources of grant aid at University of Memphis.
The average amount of the aid awarded is $8,469. For the first-time, full-time beginning students (freshmen), 99% of total 2,500 enrolled students have received any kind of financial aid and its average amount of aid received is $9,625.
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All Undergraduate Financial Aid

At University of Memphis, 14,054 undergraduate students (84% of total 16,702 students) have received financial aid including grants, scholarships, and/or federal student loans.The average amount of aid received is $8,469.
Financial Aid Statistics (All Undergraduate Students)
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Grant or Scholarship14,05484% $119,025,254$8,469
Pell Grants6,96042% $39,397,500$5,661
Federal Student Loan7,00042% $48,351,297$6,907

Beginning Undergraduate Students (Freshmen) Financial Aid

2,467 beginning undergraduate students (99% of total 2,500 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 $9,625.
Financial Aid Statistics (First-time Full-time Beginning Undergraduate Students)
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid2,46799% --
Grants or Scholarships2,44198%$23,494,108$9,625
Federal Grants1,39356%$8,405,269$6,034
Pell Grants1,38755%$8,115,739$5,851
Other Federal Grants28611%$289,530$1,012
State/Local Grants1,75470%$8,231,563$4,693
Institutional Grants2,19788%$6,857,276$3,121
Student Loan Aid1,26651%$7,451,868$5,886
Federal Student Loans1,24350%$6,652,969$5,352
Other Student Loans552%$798,899$14,525

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

The next table shows the number of students awarded and the average grants/scholarship aid amount by income level for the academic year 2021-2022 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.
Grants of Scholarship Aid Statistics By Income Level
Income LevelNumber of StudentsNumber of Students AwardedTotal Amount Aid Awarded Average Amount Aid Awarded
All level1,6371,623$17,448,016$10,659
0-30,000670670$8,822,822$13,168
30,001-48,000321321$3,836,306$11,951
48,001-75,000289285$2,652,638$9,179
75,001-110,000146143$915,006$6,267
110,001 or more211204$1,221,244$5,788
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