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What is the average financial aid amount at University of Memphis?

For the academic year 2022-2023, total 2,467 full-time, first-time students (99% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.

For all undergraduate students, total 14,054 students (84% of all students) received grants or scholarships and the average grant amount is $8,469. In addition, 7,000 students received student loans and the average loan amount is $6,907.

Below tables show the number and amount by source of financial aid at University of Memphis.
All Undergraduate Student Financial Aid at University of Memphis
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid14,05484%$8,469
Pell Grants6,96042%$5,661
Federal Student Loans7,00042%$6,907
Beginning Students (Freshmen) Financial Aid at University of Memphis
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid2,46799%-
Grants or Scholarship from All Sources2,44198%$9,625
Federal Grants1,39356%$6,034
Pell Grants1,38755%$5,851
Other Federal Grants28611%$1,012
State/Local Grants1,75470%$4,693
Institutional Grants2,19788%$3,121
Student Loans1,26651%$5,886
Federal Student Loans1,24350%$5,352
Other Student Loans552%$14,525

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