University Of Memphis publishes a cost of attendance of $25,164 per year, including $14,784 in out-of-state tuition, $10,344 for room and board, and $920 for books and supplies. In-state tuition is significantly lower at $10,344, making University Of Memphis particularly affordable for Tennessee residents.
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Net prices are averages and may vary. Based on federal data for first-time, full-time students receiving aid.
| Cost Category | Amount |
|---|---|
| Total Cost of Attendance (Sticker Price) | $25,169 |
| Tuition and Fees | $15,384 |
| Room and Board | $11,342 |
| Books and Supplies | $920 |
| Average Financial Aid (Grants and Scholarships) | -$12,772 |
| Average Net Price (What Families Pay) | $12,397 |
| Family Income | Net Price |
|---|---|
| $0–30k | $10,607 |
| $30–48k | $10,968 |
| $48–75k | $13,923 |
| $75–110k | $17,384 |
| $110k+ | $18,691 |
University Of Memphis publishes a cost of attendance of $25,164 per year, including $14,784 in out-of-state tuition, $10,344 for room and board, and $920 for books and supplies. In-state tuition is significantly lower at $10,344, making University Of Memphis particularly affordable for Tennessee residents. However, the average student pays just $13,253 after financial aid, representing savings of $11,911 through aid programs.
This average net price falls $2,337 above the peer median of $15,590, indicating slightly higher actual costs than similar institutions. The financial aid system demonstrates strong support for lower-income students, with net prices ranging from $10,985 for families earning under $30,000 to $19,252 for those earning over $110,000. University Of Memphis balances published sticker prices with meaningful financial aid, though students should expect net costs somewhat above peer institutions.
How much students borrow and whether debt is manageable given outcomes.
Debt is well below typical first-year earnings — generally considered very manageable.
University Of Memphis graduates carry median debt of $23,300, with debt levels ranging from $7,056 at the 25th percentile to $30,864 at the 75th percentile. This median debt exceeds the peer median of $20,000 by $3,300, indicating somewhat higher borrowing levels than similar institutions.
The debt-to-earnings ratio of 0.48 suggests manageable debt levels relative to graduate income, though this ratio requires careful interpretation given earnings growth over time. Parent PLUS borrowing reaches a median of $14,225 with monthly payments of $187, representing additional family debt beyond student borrowing.
The debt distribution shows meaningful variation, with one-quarter of graduates borrowing less than $7,056 while another quarter exceeds $30,864. Students should plan for debt levels somewhat above peer institutions while recognizing that University Of Memphis's strong value-added earnings help offset higher borrowing through improved post-graduation outcomes.
How cost compares to graduate earnings and value added.
University Of Memphis demonstrates strong return on investment through exceptional earnings beyond expectations performance, ranking at the 93.0th percentile nationally with graduates earning $17,424 above predicted levels. This value-added performance partially offsets the modestly higher debt levels and net costs compared to peer institutions.
The debt-to-earnings ratio of 0.48 indicates manageable borrowing relative to income, though students should consider program-specific outcomes when evaluating investment potential. Graduate earnings of $48,458 combined with debt levels of $23,300 suggest reasonable payback potential, particularly when considering earnings growth over time.
University Of Memphis ranks as a top-25 institution nationally for earnings beyond expectations, indicating strong value creation despite moderate absolute earnings levels. The investment case strengthens for students prioritizing economic mobility and value-added performance over absolute earnings outcomes.
University Of Memphis enrolls 40.0% Pell-eligible students, well above national averages and indicating strong commitment to serving lower-income populations. The $11,911 average financial aid savings represents meaningful support that brings published costs down to manageable levels for many families.
Net price variation across income tiers shows targeted aid delivery, with the lowest-income families receiving the most substantial assistance. This aid profile aligns with the institution's access mission and contributes to its strong mobility outcomes.
The combination of accessible admission standards with substantial financial aid creates pathways for students who might otherwise lack access to four-year degree programs. Families should understand that financial aid at University Of Memphis focuses particularly on need-based assistance rather than merit-only programs, reflecting the institution's commitment to economic diversity and mobility.
