Annual Costs

Undergraduate Tuition

University of Memphis tuition is $7,680 per year for in-state residents. This is 9% more expensive than the national average public four year tuition of $7,056. The cost is 59% cheaper than the average Tennessee tuition of $18,683 for 4 year colleges. Tuition ranks 7th in Tennessee amongst 4 year colleges for affordability and is the 53rd most expensive 4 year college in the state. If attending from out-of-state, the tuition is $19,392 which represents a 152% premium.

The school charges an additional fees of $1,637 in addition to tuition bringing the total effective in-state tuition to $9,317.

Housing Costs

On campus room and board is provided by the school at a cost of $9,366 per academic year. Students electing to live off campus elsewhere in Memphis should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,415.

Other Living Expenses

If living on-campus, students should budget for $4,562 in additional living expenses. Off-campus students should budget for $4,562 in other miscellaneous living expenses.

Total Costs

The total tuition and living expense budget for in-state Tennessee residents to go to University of Memphis is $24,660 for the 2017/2018 academic year. Out-of-state students who don't have Tennessee residence can expect a one year cost of $36,372.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for University of Memphis and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for University of Memphis
Estimated Budgets
Tennessee Resident Total Budget $24,660
   In-State Tuition$7,680
   Other Fees$1,637
   Room and Board$9,366
   On-Campus Other Budget$4,562
   Books and Supplies$1,415
Non-Resident Total Budget $36,372
   Out-of-State Tuition$19,392
   Other Fees$1,637
   Room and Board$9,366
   On-Campus Other Budget$4,562
   Books and Supplies$1,415


What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $24,660 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported University of Memphis net price for in-state students is $12,369* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

94% of University of Memphis students received grant aid in 2014/2015. The average total aid amount was $9,589. 49 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,635. To apply for a Pell Grant to attend University of Memphis, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for University of Memphis
Financial Aid Summary
Average Annual Net Price$12,369*
Percent of Students Receiving Grant Aid94%
Average Total Grant Aid$9,589
Percent of Students Receiving Pell Grants49%
Average Amount of Pell Grant Aid$4,635

Average Net Price for In-State Students by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$9,894
$30,001 to $48,000$11,441
$48,001 to $75,000$15,196
$75,001 to $110,000$16,641

Average Financial Aid Mix - $24,660 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $24,660. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.


Grants and Scholarships

 48% - $9,589

Money granted to you by the U.S. Department of Education, University of Memphis or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 27% - $5,344

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 26% -  $5,165

Covered by family savings, work or private student loans which you will have to repay.

*Reported Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Tuition Comparison to Similar Public Colleges in the Region

School Cost vs. University of Memphis
The University of Tennessee Martin1.8% more expensive
Murray State University0.3% less expensive
University of Alabama at Huntsville21.8% more expensive
Middle Tennessee State University10.9% less expensive
University of Louisiana Monroe24.6% less expensive

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at University of Memphis.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at University of Memphis is $98,640 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $10,111 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $40,444**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $123,300 or $50,555 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at University of Memphis.

Tennessee Resident Tuition Per Semester$3,840
Tennessee Resident Total Cost Per Semester$12,330
Non-Tennessee Resident Tuition Per Semester$9,696
Non-Tennessee Resident Total Cost Per Semester$18,186

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at University of Memphis are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at University of Memphis
Price per credit hour for Tennessee residents$320
Cost for one class for Tennessee residents (3 credit hours)$960
Price per credit hour for out of state residents$488
Cost for one class for out of state residents (3 credit hours)$1,464
Cost for one class for out of state residents (4 credit hours)$1,952


Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 52% of University of Memphis students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,344. The reported average student debt upon graduation is $23,601.

Example Loan Payments and Costs

How much are student loan payments for University of Memphis? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $40,444, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $50,181.73. This could be your effective total out of pocket cost of an education at University of Memphis. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 94% of students at this school who receive financial aid and you are paying an average annual net price of $10,111. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our University of Memphis student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

University of Memphis Student Loan Payments
Example Payments
Monthly Loan Payment$418.18
Amount Borrowed$40,444.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$9,737.73
Sum of All Payments over 10 years$50,181.73

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend University of Memphis? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending University of Memphis, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $50,181.73 would be needed to afford a $418.18 monthly payment in the example $40,444.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to University of Memphis in the future? In the past four years, this school's published in-state tuition and fee total rose from $6,648 to $7,680. This amounts to an average annual price increase of 3.1%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current in-state 4 year cost of $98,640.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for University of Memphis.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$33,913$135,653
Estimated Cost in 10 years for students enrolling in 2029$43,283$173,131
Estimated Cost in 15 years for students enrolling in 2034 $55,241$220,964
Estimated Cost in 18 years for students enrolling in 2037 $63,948$255,794

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at University of Memphis to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Multi-/Interdisciplinary Studies, Other Bachelor's Degree 302 13% cheaper
Teacher Education, Multiple Levels Bachelor's Degree 174 4% cheaper
Registered Nursing/Registered Nurse Bachelor's Degree 169 1% costlier
Liberal Arts and Sciences/Liberal Studies Bachelor's Degree 140 9% cheaper
Accounting Bachelor's Degree 115 2% cheaper
Business Administration and Management, General Bachelor's Degree 103 5% costlier
Biology/Biological Sciences, General Bachelor's Degree 81 10% cheaper
Journalism Bachelor's Degree 69 6% cheaper
Kinesiology and Exercise Science Bachelor's Degree 54 6% cheaper
Sport and Fitness Administration/Management Bachelor's Degree 51 3% cheaper
Art/Art Studies, General Bachelor's Degree 49 7% cheaper
Special Education and Teaching, General Bachelor's Degree 39 2% costlier
Social Work Bachelor's Degree 30 1% costlier
Music, General Bachelor's Degree 29 12% cheaper
General Studies Bachelor's Degree 26 7% costlier
Business/Managerial Economics Bachelor's Degree 23 9% cheaper
Logistics, Materials, and Supply Chain Management Bachelor's Degree 22 0% cheaper
Music, Other Bachelor's Degree 19 17% cheaper
Mechanical Engineering Bachelor's Degree 17 14% cheaper
Civil Engineering, General Bachelor's Degree 16 14% cheaper
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 15 14% cheaper
Physical Education Teaching and Coaching Bachelor's Degree 14 4% costlier
Electrical and Electronics Engineering Bachelor's Degree 13 14% cheaper
Economics, General Bachelor's Degree 13 19% cheaper
History, General Bachelor's Degree 13 11% cheaper
Environmental Design/Architecture Bachelor's Degree 12 13% cheaper
Computer Science Bachelor's Degree 12 13% cheaper
Computer Engineering, General Bachelor's Degree 12 14% cheaper
Mathematics, General Bachelor's Degree 11 11% cheaper
African-American/Black Studies Bachelor's Degree 9 23% cheaper
Art History, Criticism and Conservation Bachelor's Degree 8 26% cheaper
Interior Design Bachelor's Degree 8 6% cheaper
Political Science and Government, General Bachelor's Degree 7 13% cheaper
Bioengineering and Biomedical Engineering Bachelor's Degree 7 29% cheaper
English Language and Literature, General Bachelor's Degree 7 9% cheaper
Geology/Earth Science, General Bachelor's Degree 6 12% cheaper
Philosophy Bachelor's Degree 5 20% cheaper
Geography Bachelor's Degree 5 2% cheaper
Management Information Systems, General Bachelor's Degree 5 1% cheaper
Chemistry, General Bachelor's Degree 5 13% cheaper
International Relations and Affairs Bachelor's Degree 4 23% cheaper
Anthropology Bachelor's Degree 3 19% cheaper
Selling Skills and Sales Operations Bachelor's Degree 3 7% costlier
International Business/Trade/Commerce Bachelor's Degree 3 12% cheaper
Marketing/Marketing Management, General Bachelor's Degree 3 0% cheaper
Criminal Justice/Law Enforcement Administration Bachelor's Degree 3 14% costlier
Manufacturing Engineering Technology/Technician Bachelor's Degree 3 13% costlier
Foreign Languages and Literatures, General Bachelor's Degree 2 9% cheaper
Hotel/Motel Administration/Management Bachelor's Degree 2 6% cheaper
Psychology, General Bachelor's Degree 2 10% cheaper
Physics, General Bachelor's Degree 2 17% cheaper
Sociology Bachelor's Degree 2 12% cheaper
Mass Communication/Media Studies Bachelor's Degree 1 4% cheaper
Computer Engineering Technology/Technician Bachelor's Degree 1 13% costlier
Finance, General Bachelor's Degree 1 2% cheaper


Use the calculators below to formulate a college savings plan for University of Memphis or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford University of Memphis in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a University of Memphis student loan.

Prepayment Option

About University of Memphis

University of Memphis is a four year public college located in Memphis, Tennessee.  Full time enrollment is 14,391 and part time is 6,910.

Students attending this school may pursue both undergraduate and graduate degrees.

University of Memphis
Southern Avenue
Memphis, Tennessee

For Profit / Not For Profit Status

University of Memphis is a public not for profit institution. Public schools often represent the best value for your education dollar, especially when students qualify for in-state tuition.

University of Memphis cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=220862 IPEDS survey data.