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 Aid	Number Receiving Aid	Percent Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
Grant or Scholarship	14,054	84%	$119,025,254	$8,469
Pell Grants	6,960	42%	$39,397,500	$5,661
Federal Student Loan	7,000	42%	$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 Aid	Number Receiving Aid	Percent Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
Any Financial Aid	2,467	99%	-	-
Grants or Scholarships	2,441	98%	$23,494,108	$9,625
Federal Grants	1,393	56%	$8,405,269	$6,034
Pell Grants	1,387	55%	$8,115,739	$5,851
Other Federal Grants	286	11%	$289,530	$1,012
State/Local Grants	1,754	70%	$8,231,563	$4,693
Institutional Grants	2,197	88%	$6,857,276	$3,121
Student Loan Aid	1,266	51%	$7,451,868	$5,886
Federal Student Loans	1,243	50%	$6,652,969	$5,352
Other Student Loans	55	2%	$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 Level	Number of Students	Number of Students Awarded	Total Amount Aid Awarded	Average Amount Aid Awarded
All level	1,637	1,623	$17,448,016	$10,659
0-30,000	670	670	$8,822,822	$13,168
30,001-48,000	321	321	$3,836,306	$11,951
48,001-75,000	289	285	$2,652,638	$9,179
75,001-110,000	146	143	$915,006	$6,267
110,001 or more	211	204	$1,221,244	$5,788

Financial Aid at U of Memphis

All Undergraduate Financial Aid

Beginning Undergraduate Students (Freshmen) Financial Aid

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

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