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Financial Aid
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Welcome!  The Office of Financial Aid administers federal, state, and institutional aid programs to qualified students. To receive financial aid, qualified students must complete the Free Application for Federal Student Aid (FAFSA). You must be a U.S. citizen to receive financial aid.

NEWS RELEASE: June 2009

Financial Assistance for the Unemployed

          Anyone currently unemployed who is interested in attending college may be eligible for financial assistance from the federal government. Assistance ranges from grants and loans to work-study programs.

          Eligibility for some assistance, such as Pell Grants and work-study programs, is need-based and is determined by total household income. Federal student loans are available regardless of income level. Other criteria for such assistance include (1) being a U.S. citizen, (2) having a high school diploma or GED equivalency, and (3) not being in default on any other student loan.  Students must also meet regular admissions criteria.

          In May 2009 the federal government made an additional $17 billion in Pell Grant money available in hopes that many unemployed Americans would take advantage of educational and training opportunities. Pell Grants are available only to students who have not already earned a bachelor's degree.  Because Pell Grant assistance is need-based, amounts vary by individual and are only determined after submission of a FAFSA (Free Application for Federal Student Aid).  The maximum Pell Grant award for the 2009-2010 academic year is $5,350.  Federally-funded student loans vary in amount and are available to both undergraduate and graduate students.

          "Many people are having a difficult time finding work right now," said Dr. Shirley Raines, president of the University of Memphis. "We want them to know that financial assistance is available should they desire to return to school."

          The FAFSA application and Information about how to complete it are available on this page. More information about federal financial aid is also available online at www.opportunity.gov and www.federalstudentaid.ed.gov


Need help completing the 2009-2010 FAFSA?

Check out this on-line audio/visual tutorial:




Please note the priority dates for completing the FAFSA:

Fall semester: March 1

Spring semester: October 1

Students must also submit any other required documents in order to complete the application prior to being awarded. That information is posted for students on myMemphis.

Sign up online NOW for eRefunds to receive excess financial aid and fee refunds.


Contact Us:    Office of Financial Aid Phone: 901-678-4825
103 Wilder Tower Fax: 901-678-3590
University of Memphis
Memphis, TN 38152-3520   E-Mail: financialaid@memphis.edu


Office hours are: Monday - Friday 8:00am - 4:30pm.

Did you know?

The grants, loans, and scholarships received by U of M students totaled over 155 million dollars during the 2007-2008 year.

 

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