Cost Details
- In-State Tuition
- $10,344
- Out-of-State Tuition
- $14,784
- Average Net Price
- $13,253
- Students Receiving Financial Aid
- 40.0%
- Room & Board (On Campus)
- $10,344
- Room & Board (Off Campus)
- $12,148
- Books & Supplies
- $920
- Total Cost of Attendance
- $21,608
- Median Debt at Graduation
- $23,300
- Estimated Monthly Loan Payment
- $247/mo
- Loan Repayment Rate
- 38.4%
- Students Taking Federal Loans
- 38.8%
- Pell Grant Recipients
- 40.0%
Net Price by Family Income
Average annual net price after grants and scholarships. Source: U.S. Department of Education
| Family Income | Average Net Price |
|---|---|
| $0 – $30,000 | $10,985 |
| $30,001 – $48,000 | $12,003 |
| $48,001 – $75,000 | $15,357 |
| $75,001 – $110,000 | $18,600 |
| $110,001+ | $19,252 |
Cost Estimator
Cost Overview
The average family pays $13,253 annually after aid, though costs vary dramatically by income. Families earning under $30,000 pay just $10,985 per year, while those making over $110,000 pay $19,252. Over four years, total costs range from $44,000 to $77,000. This reflects Memphis's mission as an accessible public university serving a diverse population where 40% of students receive Pell grants.
Most graduates leave with $23,300 in debt, translating to $247 monthly payments. With median earnings of $48,458 ten years out, loan payments consume about 6% of gross income. The 38% loan repayment rate suggests some struggle with payments despite relatively modest debt loads. Students from lower-income families get the best financial deal here, often paying less than many community colleges while accessing Division I athletics and research opportunities in Tennessee's largest city.
Most graduates leave with $23,300 in debt, translating to $247 monthly payments. With median earnings of $48,458 ten years out, loan payments consume about 6% of gross income. The 38% loan repayment rate suggests some struggle with payments despite relatively modest debt loads. Students from lower-income families get the best financial deal here, often paying less than many community colleges while accessing Division I athletics and research opportunities in Tennessee's largest city.
Official Net Price Calculator
Get a personalized cost estimate from University of Memphis:
Visit Official Net Price CalculatorThis links to the school's federally-required net price calculator for a personalized estimate.