Step-By-Step
Below you will find helpful step-by-step instructions on how to complete frequently used tasks involving your financial aid.
View Outstanding Requirements and Important Financial Aid Messages/Alerts
- Log on to your myMemphis.
- Click on the Financial Aid and Scholarships tile.
- Select the appropriate aid year from the drop down menu at the top of the page.
- 2025-2026 Aid Year (applies to Fall 2025, Spring 2026, and Summer 2026)
- 2024-2025 Aid Year (applies to Fall 2024, Spring 2025, and Summer 2025)
- A list of unsatisfied requirements will appear with detailed messages regarding the requirement and/or notice. Some items may have links that will direct you to forms or additional information regarding the item. Satisfied requirements will appear toward the bottom of the page under any unsatisfied requirements.
Accept/Decline Your Award Offer(s)
- Log on to your myMemphis.
- Click on the Financial Aid and Scholarships tile.
- Select the appropriate aid year from the drop down menu at the top of the page.
- 2025-2026 Aid Year (applies to Fall 2025, Spring 2026, and Summer 2026)
- 2024-2025 Aid Year (applies to Fall 2024, Spring 2025, and Summer 2025)
- Select the Award Offer tab.
- Review your offers and select Accept or Decline for each offer under Take Action.
- Click Submit.
NOTE: Not all offers will have an option to accept or decline. If accepting a student loan for the first time, you must also complete Entrance Counseling and a Master Promissory Note at studentaid.gov.
Change a Loan Amount That Has Already Been Accepted or Declined
If you have already accepted or declined your loan(s) and need to make an adjustment, please submit a Loan Request and Adjustment Form (LOANR). The U.S. Department of Education limits the amount of loans that students can borrow based on their dependency status and level in school. These annual limits are listed below and do not include aggregate (total) limits which may impact your eligibility. Please note that our office cannot process a request to increase your loan based on an expected grade level advancement until that advancement is official and can be confirmed in our system. This can only be done after the hours earned have been finalized and/or the transfer credits fully evaluated and added to your account.
Year of Student | Dependent Students | Independent Students |
Freshman(0-29 Credit Hours) | $5,500--No more than $3,500 may be in Subsidized Loans | $9,500--No more than $3,500 may be in Subsidized Loans |
Sophomore (30-59 Credit Hours) | $6,500--No more than $4,500 may be in Subsidized Loans | $10,500--No more than $4,500 may be in Subsidized Loans |
Junior & Senior (60 Credit Hours +) | $7,500--No more than $5,500 may be in Subsidized Loans | $12,500--No more than $5,500 may be in Subsidized Loans |
Graduate | N/A | $20,500 Unsubsidized Loan |