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National Application Center :: campus tours :: University of Memphis costs & financial aid

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University of Memphis

University of Memphis
Memphis, TN 38152

Official telephone: (901) 678-2000
Website: www.memphis.edu
Screen last updated on: December 2016

The financial aid information below is valid for the 2015 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Karen M. Smith,
Assistant Director of Student Financial Aid
Contacting the office: 901 678-4825
901 678-3590 (fax)
financialaid@memphis.edu
FAFSA number: 003509

EXPENSES
Undergraduate tuition: $7,860; $19,572 out-of-state
Additional required fees: $1,637
Book fees: $1,415
Miscellaneous expenses: $4,512
Other expenses: Personal, transportation, and miscellaneous expenses.
Combined room and board expenses: $9,153

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAMarch 1noMay 1

Date award notification begins: March 15
Applied for financial aid:
93% of first-year students
91% of full-time undergraduates
81% of part-time undergraduates
Determined to have financial need:
79% of first-year students
83% of full-time undergraduates
94% of part-time undergraduates
Students determined to have financial need who received any financial aid:
87% of first-year students
88% of full-time undergraduates
77% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
81% of first-year students
80% of full-time undergraduates
76% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
68% of first-year students
80% of full-time undergraduates
86% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
65% of first-year students
65% of full-time undergraduates
10% of part-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
29% of first-year students
17% of full-time undergraduates
1% of part-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
82% for first-year students
77% for full-time undergraduates
54% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$9,946 for first-year students
$9,026 for full-time undergraduates
$5,824 for part-time undergraduates
Average need-based gift award:
$6,820 for first-year students
$6,165 for full-time undergraduates
$2,980 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$3,321 for first-year students
$3,115 for full-time undergraduates
$3,047 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$3,283 for first-year students
$3,065 for full-time undergraduates
$3,038 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
19% of first-year students
11% of full-time undergraduates
1% of part-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$7,679 for first-year students
$6,265 for full-time undergraduates
$2,328 for part-time undergraduates
Students who received a non-need-based athletic award:
4% of first-year students
3% of full-time undergraduates
1% of part-time undergraduates
Average non-need-based athletic award:
$15,128 for first-year students
$15,677 for full-time undergraduates
$15,175 for part-time undergraduates
School participates in Federal Work-Study Program: yes
Percent of students who received aid that participated in Federal Work Study: 1%

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Federal Perkins Loans
  • State Loans
Parent loans packaged to meet need: no
First-year loan package range: $430 - $27,199
Undergraduate loan package range: $232 - $37,293
Percent of undergraduates who have borrowed through all loan programs: 68%
Average student debt upon graduation: $24,727
Types of payment plans:
  • school's own payment plan(s)
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants
  • academic merit scholarships/grants
  • creative arts/performance
  • athletic scholarships
  • ROTC scholarships
First-year scholarship/grant award range: $250 - $36,500
Undergraduate scholarship/grant award range: $135 - $37,385
Percent of scholarship aid awarded to out-of-state students: 2%

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