How much more do out-of-state students get?

Roughly double: e.g., the Cecil C. Humphreys Presidential is $7,000/yr in-state vs $14,000/yr out-of-state; National Merit Finalists/Semi-Finalists get $15,000/yr in both cases.

What is the cost of attendance?

Published 2025-2026 figures (the most recent on the COA page): in-state undergraduate on-campus total $30,536; out-of-state $35,240 (based on 12 hours). 2026-27 figures were not yet posted.

University of Memphis· Outside Scholarship Displacement

Will University of Memphis Reduce Your Outside Scholarship?

When you win a private scholarship, who actually keeps the money: your family, or the school?

Verified Jul 202625 days ago· COWORK

The rule at University of Memphis

Loan-first displacement

University of Memphis displaces loans first, then work-study. In plain dollar terms, that means a $5,000 outside award shrinks the federal loan offer by $5,000 before any grant is touched.

memphis.edu publishes the $30,536 cost-of-attendance worksheet the math is run against.

Source: https://www.memphis.edu/scholarships/faq/

The math: a $5,000 outside scholarship at University of Memphis

Setup
You've received University of Memphis's institutional merit aid plus the federal loan offer in your award letter. You win a $5,000 outside scholarship.
What University of Memphis does
University of Memphis reduces your loan offer first, then work-study, before touching institutional grants. The $5,000 swap is effectively cash to the family: fewer loans now, less debt at graduation.
Family takeaway
Loan-first displacement is the most family-friendly treatment. Outside scholarships translate dollar-for-dollar into reduced borrowing.

Schools with the same policy

These schools also use loan-first displacement for outside scholarships. The same dollar math above applies at each.

Schools that handle this differently

If University of Memphis’s policy concerns you, these schools treat outside scholarships under a different rule.

Displacement questions families ask

How much more do out-of-state students get?: Roughly double: e.g., the Cecil C. Humphreys Presidential is $7,000/yr in-state vs $14,000/yr out-of-state; National Merit Finalists/Semi-Finalists get $15,000/yr in both cases.
What is the cost of attendance?: Published 2025-2026 figures (the most recent on the COA page): in-state undergraduate on-campus total $30,536; out-of-state $35,240 (based on 12 hours). 2026-27 figures were not yet posted.

Aid-office script (copy & send)

The displacement rule is only binding when it's in writing. This script asks University of Memphis's aid office the specific question that matters for loan-first displacement.

Subject: Outside-scholarship treatment question, fall applicant

Dear University of Memphis Financial Aid Office,

I'm a fall applicant reviewing how outside scholarships interact with my institutional aid package. I've read the public policy at https://www.memphis.edu/scholarships/faq/ and the $30,536 cost-of-attendance worksheet.

If I win a $5,000 outside scholarship after the package is built, can you confirm it reduces my Direct Loan offer first, before any institutional grant is touched?

If the loan offer is smaller than the outside award, what is the next aid type that gets reduced (work-study, institutional grant, other)?

A written answer (email is fine) is important because the outside-scholarship awarding bodies want confirmation before disbursing. Thank you for the time.

— [Student name], [Application ID if available]

How University of Memphis compares across our verified dataset

147 of 750 verified schools in our dataset use loan-first displacement.
University of Memphis is in a recognizable cluster (147 schools share this category). That framing matters when comparing peer schools that may publish the policy differently or not at all.
668 of 750 verified schools publish at least one four-year renewable merit award.
University of Memphis is one of them. The cohort minority (82 schools) only awards one-year scholarships, which means the four-year value families assume on a brochure quote isn't guaranteed at every school.
132 of 750 verified schools publish a dedicated National Merit Finalist package.
University of Memphis is one of them. NMF packages typically carry their own stacking and renewal carve-outs separate from the standard automatic merit ladder; confirm those before assuming the headline NMF value is final.

Sources used on this page

Every claim is checked against University of Memphis’s own published materials. Below is the full reference set.