Cost & financial aid brief
University of Memphis Tuition, Costs & Financial Aid
How much does University of Memphis cost after financial aid?
The aid pattern brings published costs down most for lower-income families. Against the published cost of $25,169, aid recipients have an average net price of $12,397, a sticker-to-net gap of $12,772.
Aid covers about 51% of the published cost for the average aid recipient. Across the income bands, average net price is $10,607 at the lowest end, $10,968 in the next band, $13,923 in the middle, $17,384 in the next-highest band, and $18,691 at the highest end.
The spread between the lowest and highest bands is $8,084, a difference of averages that shows lower average prices are concentrated in the lower-income bands.
The published cost of attendance at University of Memphis is $25,169. Azimuth ranks the university #307 for affordability among nonprofit four-year institutions.
After grants and scholarships, the average net price for aid recipients from families earning under $30,000 is $10,607, for those earning $48,001 to $75,000 it is $13,923, and for those earning over $110,000 it is $18,691. The spread between the lowest and highest bands is $8,084.
Aid covers about 51% of the published cost for the average aid recipient. The average net price across all aid recipients is $12,397, which is $3,237 below the peer median of $15,634 for comparable institutions (same type and size).
Borrowers who finish carry a median of $23,300 in federal student loans, $3,224 above the peer median of $20,076. An estimated 83.9% of federal aid recipients take federal loans.
Parents who borrow through Parent PLUS hold a separate median of $15,393. If repaid over ten years, the median federal student debt corresponds to an estimated payment of $265 a month.
Student loans: what does repayment look like?
Federal borrowing reaches 83.9% of federal aid recipients at University of Memphis, and borrowers who complete carry median federal student loan debt of $23,300. The peer median at comparable institutions (same type and size) is $20,076; the university's median is above that figure by $3,224.
Parent PLUS borrowers are a separate parent-borrower population, with median borrowing of $15,393.
At University of Memphis, access is the strongest , but the investment picture is restrained. Graduates earn a median of $57,507 four years after completion, placing earnings in the 41st percentile among nonprofit four-year institutions.
Graduates earn about $2,686 less than expects for similar students. Earnings beyond expectations, the gap between what graduates earn and what the model expects for similar students, sit in the 45th percentile among nonprofit four-year institutions.
Earnings scenarios range from $44,374 in the downside case to $78,246 in the upside case, with the typical scenario matching the observed median. Median federal debt at completion is $23,300, above the $20,076 peer median by $3,224.
That debt corresponds to an estimated payment of $265 a month if repaid over ten years. Below-expected earnings and debt above the peer median point in the same direction.
For the separate parent-borrower population using Parent PLUS, median borrowing is $15,393. That student debt corresponds to an estimated payment of $265 a month if repaid over ten years.
Repayment figures are in the Financial GPS card below. Borrowing populations and model assumptions.
Parent loans: what can the family afford?
How Parent PLUS borrowing affects families
- Median Parent PLUS debt
- $15,393
- Estimated parent payment
- $196/mo
| Income | Risk level |
|---|---|
| $35,000 | High pressure |
| $50,000 | High pressure |
| $75,000 | High pressure |
| $100,000 | Safe |
| $150,000 | Safe |
| $200,000 | Safe |
The model holds the parent balance fixed and varies parent income. Read the assumptions and limits.
Student and parent loans: the monthly payments
Financial GPS
What does repayment look like?
- Institution median student debt
- $23,300
- Institution Parent PLUS debt
- $15,393
Federal loans only; private or institutional loans aren’t included.
- Estimated student payment · monthly
- $265/mo
- Estimated Parent PLUS payment · monthly
- $196/mo
- Modeled student + parent payments
- $461/mo
Payments use school-wide median balances, not a specific major’s.
Student payment as a share of available income
At median graduate earnings of $57,507, with a $22,590 annual allowance for basic expenses:
9.1% of income above the allowance · Good
- Excellent Under 8%
- Good 8–under 12% · selected scenario
- Concerning 12–20%
- High risk Over 20%
How this estimate works
These are modeled earnings scenarios, not observed earnings percentiles. Annual student payments ÷ (earnings − basic-expense allowance). The starting allowance, $22,590, uses the published framework’s 2024 baseline; it is not a current local living-cost estimate. Change it for your budget, including taxes and other obligations. This combines school-level figures for illustration, not a typical individual’s budget or an official school rating. Parent PLUS is separate.
Payment assumptions
Payments are 10-year standard payments on the median balance, before loan fees, used as a yardstick. Rates for newly issued loans may differ, and loans made after July 1, 2026 can repay over a longer term; existing loans keep their original fixed rates.
Data & methodology
Sources and reporting periods: methodology.
Analysis and methodology by Daniel Rogers, founder of College Azimuth.
Explanatory text is AI-assisted drafting checked against those figures; it is not an additional data source.
Figure notes link to sources and limitations. About College Azimuth.
Net price and borrowing. The 2023–24 income-band averages include living costs and cover eligible first-time, full-time aid recipients; public-school figures reflect in-state tuition. They are not individual aid offers. Peer matching supplies overall net prices, not matched income-band averages. College Scorecard data and documentation.
A personal student-risk assessment also needs your major and borrowing plan; these school-level illustrations do not assign you a personal risk zone.
Payments are 10-year standard payments on the median balance, before loan fees, used as a yardstick. Rates for newly issued loans may differ, and loans made after July 1, 2026 can repay over a longer term; existing loans keep their original fixed rates. Private-loan figures from the Common Data Set are separate from these federal repayment illustrations.