13,835 students (83% of total 16,708 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 $8,482.

For the first-time, full-time beginning students (freshmen), 97% of total 2,322 enrolled students have received any kind of financial aid and its average amount of aid received is $11,234.


All Undergraduate Financial Aid

At University of Memphis, 13,835 undergraduate students (83% of total 16,708 students) have received financial aid including grants, scholarships, and/or federal student loans. The average amount of aid received is $8,482.

Financial Aid Statistics (All Undergraduate Students) - U of Memphis
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Grant or Scholarship13,83583% $117,343,072$8,482
Pell Grants6,67640% $40,729,942$6,101
Federal Student Loan6,47839% $42,948,682$6,630

Beginning Undergraduate Students (Freshmen) Financial Aid

2,244 beginning undergraduate students (97% of total 2,322 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 $11,234.

Financial Aid Statistics (First-time Full-time Beginning Undergraduate Students) - U of Memphis
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid2,24497% --
Grants or Scholarships2,16793%$24,343,365$11,234
Federal Grants1,33157%$8,864,598$6,660
Pell Grants1,32757%$8,528,398$6,427
Other Federal Grants34615%$336,200$972
State/Local Grants1,64371%$9,224,214$5,614
Institutional Grants1,54466%$6,254,553$4,051
Student Loan Aid1,00343%$5,721,014$5,704
Federal Student Loans99243%$5,145,831$5,187
Other Student Loans412%$575,183$14,029

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

The following table shows the number of students awarded and the average grants / scholarship aid amount by income level for the academic year 2022-2023 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 level1,4881,446$17,724,029$11,911
0-30,000668667$9,471,792$14,179
30,001-48,000346344$4,553,830$13,161
48,001-75,000208201$2,039,834$9,807
75,001-110,000132115$866,417$6,564
110,001 or more134119$792,156$5,912

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