Financial assistance is provided through four basic sources: scholarships, grants, loans and employment. Scholarships are offered through the Scholarship Office as well as through various academic, performance and athletic departments. Residents of Tennessee may also be eligible for the state’s HOPE Scholarship.

Additionally, students in north Mississippi (DeSoto, Marshall, Tate and Tunica counties) and eastern Arkansas (Crittenden) may be eligible to attend the University of Memphis at in-state tuition rates.

An application for admission is required to be considered for general and distinguished academic scholarship programs. Applicants for financial aid must also submit the completed Free Application for Federal Student Aid (FAFSA) to the Financial Aid Office, placing the student under consideration for all financial aid programs available at the U of M. More than $148 million is awarded annually.

The University operates two programs of student employment: the Federal Work-Study Program and a regular student worker program.