How U of Memphis's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at University of Memphis since 2013.

For that period, the average number of students who received grants aid/scholarships is 13,698, which is 80.10 % of all undergraduate students. 8,891 students which is 52.00% of undergraduate students received federal student loans and the average loan amount is $6,987.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	13,094 (76%)	$6,758	8,057 (47%)	$4,109	10,666 (62%)	$7,570
2014-15	13,013 (76%)	$6,860	8,094 (47%)	$4,171	10,426 (61%)	$7,466
2015-16	12,849 (77%)	$6,732	7,647 (46%)	$4,208	9,771 (58%)	$7,236
2016-17	13,232 (77%)	$7,030	7,857 (46%)	$4,215	9,993 (58%)	$7,067
2017-18	13,637 (78%)	$7,523	7,988 (46%)	$4,557	9,569 (55%)	$6,917
2018-19	13,315 (78%)	$7,575	7,539 (44%)	$4,662	8,889 (52%)	$6,798
2019-20	15,567 (89%)	$7,591	7,433 (43%)	$4,778	8,516 (49%)	$6,730
2020-21	14,387 (83%)	$7,671	7,016 (41%)	$4,813	7,597 (44%)	$6,548
2021-22	14,054 (84%)	$8,469	6,960 (42%)	$5,661	7,000 (42%)	$6,907
2022-23	13,835 (83%)	$8,482	6,676 (40%)	$6,101	6,478 (39%)	$6,630
Average	13,698 (80.10%)	$7,469	7,527 (44.20%)	$4,728	8,891 (52.00%)	$6,987

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 11 years, on average, 2,278 (94.40 % of students) received grants or scholarships and its average amount is $9,776. It can cover 66.13% of tuition & fees ($14,784) based on out-of-state rate.

In addition, 1,245 (51.50 % of students) students get helped from the students loans (average amount : $5,652).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,964 (94%)	$9,589	1,098 (53%)	$5,586
2014-15	2,178 (94%)	$9,121	1,255 (54%)	$5,682
2015-16	1,907 (93%)	$8,759	1,108 (54%)	$5,427
2016-17	2,463 (93%)	$8,960	1,548 (58%)	$5,781
2017-18	2,440 (93%)	$9,884	1,460 (56%)	$5,643
2018-19	2,292 (94%)	$10,174	1,227 (50%)	$5,710
2019-20	2,559 (97%)	$10,776	1,403 (53%)	$5,571
2020-21	2,365 (95%)	$9,642	1,081 (43%)	$5,530
2021-22	2,441 (98%)	$9,625	1,266 (51%)	$5,886
2022-23	2,167 (93%)	$11,234	1,003 (43%)	$5,704
Average	2,278 (94.40%)	$9,776	1,245 (51.50%)	$5,652

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 11 years, on average, 1,263 (52.20 % of students) received Pell (federal) grants and its average amount is $5,178.

In addition, 1,801 students received State/local government grants/scholarships (74.90 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	1,017 (49%)	$4,635	280 (13%)	$1,602	1,641 (79%)	$5,139	828 (40%)	$6,324
2014-15	1,197 (52%)	$4,663	286 (12%)	$842	1,804 (78%)	$5,060	930 (40%)	$5,286
2015-16	1,016 (49%)	$4,688	189 (9%)	$897	1,557 (76%)	$4,625	910 (44%)	$5,021
2016-17	1,419 (53%)	$4,705	191 (7%)	$1,717	1,946 (73%)	$4,630	1,045 (39%)	$5,794
2017-18	1,438 (55%)	$5,107	286 (11%)	$941	1,982 (76%)	$4,817	1,984 (76%)	$3,507
2018-19	1,265 (52%)	$5,173	180 (7%)	$868	1,850 (76%)	$4,683	1,923 (79%)	$4,137
2019-20	1,369 (52%)	$5,349	2,350 (89%)	$943	1,991 (76%)	$4,872	2,147 (82%)	$3,884
2020-21	1,197 (48%)	$5,179	332 (13%)	$1,625	1,845 (74%)	$4,651	1,902 (76%)	$3,935
2021-22	1,387 (55%)	$5,851	286 (11%)	$1,012	1,754 (70%)	$4,693	2,197 (88%)	$3,121
2022-23	1,327 (57%)	$6,427	346 (15%)	$972	1,643 (71%)	$5,614	1,544 (66%)	$4,051
Average	1,263 (52.20%)	$5,178	473 (18.70%)	$1,142	1,801 (74.90%)	$4,878	1,541 (63.00%)	$4,506

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 11 years, on average, 1,245 (51.50 % of students) get any students loan help and its average loan amount is $1,245.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	1,098 (53%)	$5,586	1,092 (52%)	$5,344	34 (2%)	$8,760
2014-15	1,255 (54%)	$5,682	1,241 (54%)	$5,390	45 (2%)	$9,807
2015-16	1,108 (54%)	$5,427	1,099 (54%)	$5,187	40 (2%)	$7,792
2016-17	1,548 (58%)	$5,781	1,530 (58%)	$5,437	61 (2%)	$10,349
2017-18	1,460 (56%)	$5,643	1,451 (55%)	$5,218	71 (3%)	$9,404
2018-19	1,227 (50%)	$5,710	1,217 (50%)	$5,229	61 (3%)	$10,531
2019-20	1,403 (53%)	$5,571	1,389 (53%)	$5,089	67 (3%)	$11,162
2020-21	1,081 (43%)	$5,530	1,064 (43%)	$4,996	51 (2%)	$12,990
2021-22	1,266 (51%)	$5,886	1,243 (50%)	$5,352	55 (2%)	$14,525
2022-23	1,003 (43%)	$5,704	992 (43%)	$5,187	41 (2%)	$14,029
Average	1,245 (51.50%)	$5,652	1,232 (51.20%)	$5,243	53 (2.30%)	$10,935

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Scholarships, Grants, and Loan Trends at U of Memphis

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time