by our College Data Analytics TeamMany students attending University of Memphis can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Curious about the financial aid opportunities at UofM and what you may be eligible for? Explore the answers here.
University of Memphis average financial aid offer for freshmen students is $10,128.00. Financial aid is provided to about 98% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from University of Memphis you may end up taking on.
As well as scholarships, 93% of first-year students (2439 total) got a federal grant, for about $3,910.00 per person.
The numbers and the chart below reference predominantly federal grants, as well as some local and state grants.
93% of first years at University of Memphis (2439 total) obtained a federal grant, averaging $3,910.00.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 28.15% | $13,055.00 |
| Income 30k-48k | 13.22% | $12,191.00 |
| Income 48k-75k | 9.27% | $7,314.00 |
| Income 75k-110k | 6.00% | $5,517.00 |
| Income 110k + | 8.78% | $5,505.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 2632 undergraduate students at University of Memphis around 98% (2559 total) receive some form of grant aid. The typical amount awarded was $10,128.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.