Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 13,683, which is 79.78 % of all undergraduate students. 9,159 students which is 53.44% of undergraduate students received federal student loans and the average loan amount is $7,027.
For full-time, first-time beginning students (freshmen), 94.56% of students received grants or scholarships and 52% of students received student loans.
All Undergraduate Students Financial Aid Over Time
The following table shows 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 13,683, which is 79.78 % of all undergraduate students. 9,159 students which is 53.44% of undergraduate students received federal student loans and the average loan amount is $7,027.
*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.
Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time
For the last 10 years, on average, 2,290 (94.56 % of students) received grants or scholarships and its average amount is $9,614. It can cover 65.03% of tuition & fees ($14,784) based on out-of-state rate.
In addition, 1,272 (52.44 % of students) students get helped from the students loans (average amount : $5,646).
*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.
The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 1,256 (51.67 % of students) received Pell (federal) grants and its average amount is $5,039.
In addition, 1,819 students received State/local government grants/scholarships (75.33 % of students).
*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.
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 10 years, on average, 1,272 (52.44 % of students) get any students loan help and its average loan amount is $1,272.