univstats

Memphis Financial Aid

Number Received Financial Aid (All Undergraduate) 14,054
Percent Received Financial Aid(All Undergraduate) 84%
Average Aid Amount $8,469
Number Received Financial Aid (Freshmen) 2,467
Percent Received Financial Aid (Freshmen) 99%

Financial Aid Information at Memphis

For the academic year 2021-2022, a total of 14,054 students (84% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $8,469. For freshmen (Full-time, first-time degree-seeking undergraduate students), 2,467 students (99% of enrolled students) received financial aid.
The 2024 undergraduate tuition & fees at University of Memphis is $10,344 for Tennessee residents and $14,784 for out-of-state students, for reference.

All Undergraduate Students Financial Aid

For the academic year 2021-2022, a total of 14,054 students (84% of all students) have received grants or scholarships and the average received aid amount is $8,469. It includes federal, state, local, institutional, or other sources of grant aid. The following table describes the financial aid statistics by aid types at University of Memphis for all undergraduate students.
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 Financial Aid

a total of 2,467 beginning students (99% of all freshmen) have received any financial aid and 2,460 students (98% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students. The below table shows the number and amount by the source of financial aid at University of Memphis.
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

Students Headcount by Living Status

For academic year 2021-2022, total 2,157 full-time beginning students have enrolled and attended University of Memphis. Among them, 1,172 students have lived on campus and 293 students lived off campus (without family). The following table shows the students count by living status and years.
Student Headcount by Living Location/Setting at University of Memphis
Living Status201920202021
Living On-Campus1,4731,3091,172
Living Off-Campus with Family552589666
Living Off-Campus without Family239214293

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

The following table shows number of students who paid the in-state or in-district tuition rate and were awarded any grant/scholarship by income level for academic year 2021-2022 . The sources of grants and scholarship aid are the federal government, state/local government, or the institution.
Grants of Scholarship Aid Statistics By Income Level at University of Memphis
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