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Financial Aid at Memphis

The average amount of financial aid is $8,469 where 84% of enrolled students have received grants or scholarship aid at University of Memphis. The average amount of tuition & fees is $10,344 for Tennessee residents and $14,784 for out-of-state students at University of Memphis.
  • Average Financial Aid: $8,469
  • Undergraduate Tuition: $14,784 ($10,344 Tennessee residents)
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All Undergraduate Student Financial Aid

For academic year 2022-2023, total 14,054 students (84% of all undergraduate students) have received grants or scholarships and the average received amount is $8,469. Grant/scholarship aid includes federal, state, local, institutional or other sources of grant aid. Next table shows the financial aid statistics for all undergraduate students by aid types at University of Memphis.
Financial Aid Statistics at University of Memphis
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid14,05484%$8,469
Pell Grants6,96042%$5,661
Federal Student Loans7,00042%$6,907

Beginning Student Financial Aid

For first time, full time beginning students (freshmen), total 2,467 students (99% of all freshmen) have received any type of financial aid and 2,460 students (98% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students. The average amount of grant/scholarship aid is $9,625 and the average amount of student loan aid is $5,886. Next table shows the headcount and average received amount of financial aid by source of the aid at University of Memphis.
Beginning Students Financial Aid Statistics at University of Memphis
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid2,46799%-
Grants or Scholarship from All Sources2,44198%$9,625
Federal Grants1,39356%$6,034
Pell Grants1,38755%$5,851
Other Federal Grants28611%$1,012
State/Local Grants1,75470%$4,693
Institutional Grants2,19788%$3,121
Student Loans1,26651%$5,886
Federal Student Loans1,24350%$5,352
Other Student Loans552%$14,525

Grants and Scholarship Aid By Income Level

Next table shows the number of students awarded and average grants/scholarship aid amount by income level for whom paying in-state tuition rate at University of Memphis. The sources of grants and scholarship aid are the federal government, state/local government, or the institution (University of Memphis.
Financial Aid Statistics By Income Level at University of Memphis
Income LevelNumber of StudentsNumber of Students AwardedAverage Amount Aid Awarded
All level1,6371,623$10,659
$0-$30,000670670$13,168
$30,001-$48,000321321$11,951
$48,001-$75,000289285$9,179
$75,001-$110,000146143$6,267
$110,001 or more211204$5,788

Highest Tuition in Tennessee

See Colleges having the highest tuition & fees in Tennessee
Vanderbilt University (Vanderbilt) is a Private, 4-years school located in Nashville, TN. The 2023 tuition & fees is $63,946. The school has a total enrollment of 13,710 and student to faculty ratio is 7 to 1 (14.29%).
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Rhodes College (Rhodes) is a Private, 4-years school located in Memphis, TN. The 2023 tuition & fees is $54,892. The school has a total enrollment of 2,008 and student to faculty ratio is 9 to 1 (11.11%).
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The University of the South (The University of the South) is a Private, 4-years school located in Sewanee, TN. The 2023 tuition & fees is $53,698. The school has a total enrollment of 1,704 and student to faculty ratio is 10 to 1 (10.00%).
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Belmont University (Belmont) is a Private, 4-years school located in Nashville, TN. The 2023 tuition & fees is $41,320. The school has a total enrollment of 8,910 and student to faculty ratio is 12 to 1 (8.33%).
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Milligan University (Milligan) is a Private, 4-years school located in Milligan, TN. The 2023 tuition & fees is $39,350. The school has a total enrollment of 1,105 and student to faculty ratio is 9 to 1 (11.11%).
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Lowest Tuition in Tennessee

See Colleges having the lowest tuition & fees in Tennessee (4 years colleges)
Omega Graduate School (Omega Graduate School) is a Private, 4-years school located in Dayton, TN. The 2023 tuition & fees is $6,000. The school has a total enrollment of 77.
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Huntington University of Health Sciences (Huntington University of Health Sciences) is a Private, 4-years school located in Knoxville, TN. Huntington University of Health Sciences is a completely online college that all programs/degrees are offered via distance education.The 2023 tuition & fees is $8,242. The school has a total enrollment of 71 and student to faculty ratio is 5 to 1 (20.00%).
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University of Phoenix-Tennessee (Phoenix-Tennessee) is a Private, 4-years school located in Cordova, TN. The 2023 tuition & fees is $9,552. The school has a total enrollment of 62 and student to faculty ratio is 3 to 1 (33.33%).
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The University of Tennessee Southern (The University of Tennessee Southern) is a Public, 4-years school located in Pulaski, TN. The 2023 tuition & fees is $10,200 for Tennessee residents and $10,506 for out-of-state students. The school has a total enrollment of 934 and student to faculty ratio is 12 to 1 (8.33%).
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Pentecostal Theological Seminary (Pentecostal Theological Seminary) is a Private, 4-years school located in Cleveland, TN. The 2023 tuition & fees is $11,472. The school has a total enrollment of 565 and student to faculty ratio is 14 to 1 (7.14%).
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Rivalry Schools to Memphis

Compare similar and rivalry schools to University of Memphis with admission, tuition, and more academic facts.
Memphis vs. Connecticut
University of Connecticut (Connecticut) is a Public, 4-years school located in Storrs, CT. The 2023 tuition & fees is $20,366 for Connecticut residents and $43,034 for out-of-state students. The school has a total enrollment of 27,003 and student to faculty ratio is 16 to 1 (6.25%).
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Memphis vs. UCF
University of Central Florida (UCF) is a Public, 4-years school located in Orlando, FL. The 2023 tuition & fees is $6,368 for Florida residents and $22,467 for out-of-state students. The school has a total enrollment of 68,346 and student to faculty ratio is 29 to 1 (3.45%).
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Memphis vs. Louisville
University of Louisville (Louisville) is a Public, 4-years school located in Louisville, KY. The 2023 tuition & fees is $12,828 for Kentucky residents and $29,174 for out-of-state students. The school has a total enrollment of 22,017 and student to faculty ratio is 13 to 1 (7.69%).
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Memphis vs. USF
University of South Florida (USF) is a Public, 4-years school located in Tampa, FL. The 2023 tuition & fees is $6,410 for Florida residents and $17,324 for out-of-state students. The school has a total enrollment of 49,600 and student to faculty ratio is 22 to 1 (4.55%).
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Memphis vs. Cincinnati-Main Campus
University of Cincinnati-Main Campus (Cincinnati-Main Campus) is a Public, 4-years school located in Cincinnati, OH. The 2023 tuition & fees is $13,570 for Ohio residents and $30,582 for out-of-state students. The school has a total enrollment of 41,155 and student to faculty ratio is 18 to 1 (5.56%).
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Memphis vs. Rutgers
Rutgers University-New Brunswick (Rutgers) is a Public, 4-years school located in New Brunswick, NJ. The 2023 tuition & fees is $17,239 for New Jersey residents and $36,001 for out-of-state students. The school has a total enrollment of 50,637 and student to faculty ratio is 15 to 1 (6.67%).
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Memphis vs. Temple
Temple University (Temple) is a Public, 4-years school located in Philadelphia, PA. The 2023 tuition & fees is $22,082 for Pennsylvania residents and $37,462 for out-of-state students. The school has a total enrollment of 33,196 and student to faculty ratio is 12 to 1 (8.33%).
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Memphis vs. SMU
Southern Methodist University (SMU) is a Private, 4-years school located in Dallas, TX. The 2023 tuition & fees is $64,460. The school has a total enrollment of 12,053 and student to faculty ratio is 11 to 1 (9.09%).
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Memphis vs. Houston
University of Houston (Houston) is a Public, 4-years school located in Houston, TX. The 2023 tuition & fees is $9,711 for Texas residents and $22,191 for out-of-state students. The school has a total enrollment of 46,700 and student to faculty ratio is 21 to 1 (4.76%).
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American Athletic Conference (American)

University of Memphis is a member of American Athletic Conference (American). Check and compare to other member in the conference. You can compare the school in detail at American Athletic Conference (American) comparison page
University of Connecticut (Connecticut) is a Public, 4-years school located in Storrs, CT. The 2023 tuition & fees is $20,366 for Connecticut residents and $43,034 for out-of-state students. The school has a total enrollment of 27,003 and student to faculty ratio is 16 to 1 (6.25%).
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University of Central Florida (UCF) is a Public, 4-years school located in Orlando, FL. The 2023 tuition & fees is $6,368 for Florida residents and $22,467 for out-of-state students. The school has a total enrollment of 68,346 and student to faculty ratio is 29 to 1 (3.45%).
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University of South Florida (USF) is a Public, 4-years school located in Tampa, FL. The 2023 tuition & fees is $6,410 for Florida residents and $17,324 for out-of-state students. The school has a total enrollment of 49,600 and student to faculty ratio is 22 to 1 (4.55%).
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University of Louisville (Louisville) is a Public, 4-years school located in Louisville, KY. The 2023 tuition & fees is $12,828 for Kentucky residents and $29,174 for out-of-state students. The school has a total enrollment of 22,017 and student to faculty ratio is 13 to 1 (7.69%).
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Rutgers University-New Brunswick (Rutgers) is a Public, 4-years school located in New Brunswick, NJ. The 2023 tuition & fees is $17,239 for New Jersey residents and $36,001 for out-of-state students. The school has a total enrollment of 50,637 and student to faculty ratio is 15 to 1 (6.67%).
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University of Cincinnati-Main Campus (Cincinnati-Main Campus) is a Public, 4-years school located in Cincinnati, OH. The 2023 tuition & fees is $13,570 for Ohio residents and $30,582 for out-of-state students. The school has a total enrollment of 41,155 and student to faculty ratio is 18 to 1 (5.56%).
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Temple University (Temple) is a Public, 4-years school located in Philadelphia, PA. The 2023 tuition & fees is $22,082 for Pennsylvania residents and $37,462 for out-of-state students. The school has a total enrollment of 33,196 and student to faculty ratio is 12 to 1 (8.33%).
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University of Memphis (Memphis) is a Public, 4-years school located in Memphis, TN. The 2023 tuition & fees is $10,344 for Tennessee residents and $14,784 for out-of-state students. The school has a total enrollment of 21,917 and student to faculty ratio is 17 to 1 (5.88%).
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University of Houston (Houston) is a Public, 4-years school located in Houston, TX. The 2023 tuition & fees is $9,711 for Texas residents and $22,191 for out-of-state students. The school has a total enrollment of 46,700 and student to faculty ratio is 21 to 1 (4.76%).
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Southern Methodist University (SMU) is a Private, 4-years school located in Dallas, TX. The 2023 tuition & fees is $64,460. The school has a total enrollment of 12,053 and student to faculty ratio is 11 to 1 (9.09%).
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Tennessee Best Colleges

Check out the top colleges in Tennessee and compare them to get right decision.

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Rhodes CollegePrivate, 4-yearsMemphis, TN

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Union UniversityPrivate, 4-yearsJackson, TN

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All data used in our site is from IPEDS (The Integrated Postsecondary Education Data System), U.S. Department of Education, academic year 2022-2023
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