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).  U.S. citizens, lawful permanent residents and qualifying non-citizens are eligible for federal financial aid.


April is Financial Literacy Month


The 2014-2015 FAFSA is On-Line Now!

The 2014-2015 FAFSA is now available at http://www.fafsa.gov.

Please note the priority deadline for the Fall 2014 Semester is March 1, 2014.

Note: Financial aid awards for Summer 2014 require the results from the 2013-2014 FAFSA.


What's New For 2014-2015

Income Tax Return Transcript

If you choose not to use the Data Retrieval Tool and you are selected for the verification process, you may print out a copy of the tax return transcript from the IRS website. Go to http://www.irs.gov/Individuals/Get-Transcript. Follow the instructions in order to create or reactivate an account with the IRS. After filing your taxes, it will take up to two weeks for IRS income information to be available for electronic IRS tax return filers, and up to eight weeks for paper IRS tax return filers. If you are married and you and your spouse filed separate tax returns, you must submit tax return transcripts for both you and your spouse.

Defense of Marriage Act (DOMA)

For purposes of federal financial aid, a student or a parent is considered married if the student or parent was legally married in any domestic or foreign jurisdiction that recognizes the relationship as a valid marriage, regardless of where the couple resides. For more information, click here.

Federal Subsidized Loan Borrowing Limit

Effective July 1, 2013, a first-time Federal Subsidized Student Loan borrower is no longer eligible for the Subsidized Student Loan program if he or she exceeds 150% of the published length necessary to graduate within an undergraduate degree program. The U.S. Department of Education is encouraging students to obtain undergraduate degrees within a reasonable time frame. Students who change majors multiple times or, drop classes excessively or retake classes excessively are most likely to be affected by this new legislation.

Low Income Verification Form

For students and/or parents who report an income relatively low for the number of people in their household may be selected to verify their household resources.

Parent Income Information on FAFSA

New guidelines dictate that if parents are unmarried but lived together in the last 12 months, both parents' income must be included on the FAFSA. Click here for more information.


HOW TO ACCEPT/DECLINE YOUR AWARD OFFER(S)

  • Log on to your myMemphis account
  • Click on the Account$ tab
  • Scroll down, then click on the Financial Aid Awards link
  • NOTE: If you do not have this link/"channel", call the ITD Help Desk at 901-678-8888.
  • Select the Aid Year 2013-2014, then Submit
  • Read the information under the General Information tab (note that the Accept Award Offer tab is not yet clickable/activated)
  • Click on the Terms and Conditions tab, then scroll down to 'Accept' (the Terms and Conditions)
  • Click on the Accept Award Offer tab, then scroll down
  • Click on the drop down box next to your award OFFER and select an option.

Need help with the 2014-15 FAFSA? Check out these online tutorials:

7 East Steps to the FAFSA 2014-15 

Another useful tutorial, the 5-Minute FAFSA Overview:

http://www.finaid.ucsb.edu/media/videos/1415/english/5-minute-fafsa.swf

For more information about the 2014-2015 IRS Data Retrieval Tool:

        http://www.youtube.com/watch?v=9ZNRdk3iXeM

(Clicking the above links opens a new window to the UC Santa Barbara website where the tutorial is hosted.)


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.

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Code of Conduct

SCAM ALERT

Students and parents need to be aware of financial aid scams that generally take place throughout the year.  A family should be extremely wary of any company that charges money in order to process a financial aid application for you.  Remember that the FAFSA (Free Application for Federal Student Aid) is a FREE application.  Neither the US Department of Education nor the University of Memphis works with any company or organization that would require a family to pay to apply for federal financial aid.

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Last Updated: 3/27/14