by our College Data Analytics TeamThis guide covers the real cost of attending University of Memphis, from the published cost of attendance and projected degree cost through to net price, median student debt at graduation, default outcomes, and how aid varies by family income.
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Attendance costs at University of Memphis varied between $25,164.00 ranging to $29,820.00 depending on your residency status.
The lower figure reflects the in-state rate and the higher figure the out-of-state rate: roughly $25,164.00 in-state against $29,820.00 for out-of-state students.
Below, the published cost is shown three ways — the full sticker price with no aid, the net price after the average grant package, and the net price for low-income students who typically receive the most aid.
| Tuition and fees | $10,728.00 |
| + Room, board & other expenses | $14,436.00 |
| Total cost | $25,164.00 |
| That is 31% above the national average net price. |
| Total cost | $25,164.00 |
| − Grants and scholarships | −$12,772.00 |
| Net price | $12,392.00 |
| That is 36% below the national average net price. |
| Total cost | $25,164.00 |
| − Grants and scholarships | −$14,562.00 |
| Net price | $10,602.00 |
| That is 45% below the national average net price. |
| Tuition and fees | $15,384.00 |
| + Room, board & other expenses | $14,436.00 |
| Total cost | $29,820.00 |
| That is 55% above the national average net price. |
| Total cost | $29,820.00 |
| − Grants and scholarships | −$12,772.00 |
| Net price | $17,048.00 |
| That is 11% below the national average net price. |
| Total cost | $29,820.00 |
| − Grants and scholarships | −$14,562.00 |
| Net price | $15,258.00 |
| That is 21% below the national average net price. | |
| Go deeper on the components with the tuition & fees page plus room and board. |
Cost of attendance here has been rising at a recent average of 3.0% a year, so a full degree will cost more than a single year — the tables below carry that forward. The tables below project the cost forward across a full degree, side by side for a low-income student with aid, a typical student with average aid, and a student paying full sticker price with no aid. The loan rows amortise the projected total over a ten-year, 6.8% repayment.
| Projected 4-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 3.0% | 3.0% | 3.0% |
| Freshman year | $10,918.00 | $12,762.00 | $25,915.00 |
| Senior year | $11,925.00 | $13,938.00 | $28,304.00 |
| Total 4-year net price | $45,667.00 | $53,377.00 | $108,391.00 |
| 10-year loan interest @ 6.8% | $17,397.00 | $20,335.00 | $41,293.00 |
| Total monthly payment | $526.00 | $614.00 | $1,247.00 |
| Total amount paid | $63,064.00 | $73,712.00 | $149,684.00 |
| Projected 2-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 3.0% | 3.0% | 3.0% |
| Freshman year | $10,918.00 | $12,762.00 | $25,915.00 |
| Senior year | $11,244.00 | $13,142.00 | $26,688.00 |
| Total 2-year net price | $22,162.00 | $25,904.00 | $52,603.00 |
| 10-year loan interest @ 6.8% | $8,443.00 | $9,869.00 | $20,040.00 |
| Total monthly payment | $255.00 | $298.00 | $605.00 |
| Total amount paid | $30,605.00 | $35,773.00 | $72,643.00 |
| Projected 4-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 3.0% | 3.0% | 3.0% |
| Freshman year | $15,713.00 | $17,557.00 | $30,710.00 |
| Senior year | $17,162.00 | $19,175.00 | $33,541.00 |
| Total 4-year net price | $65,722.00 | $73,432.00 | $128,446.00 |
| 10-year loan interest @ 6.8% | $25,038.00 | $27,975.00 | $48,933.00 |
| Total monthly payment | $756.00 | $845.00 | $1,478.00 |
| Total amount paid | $90,760.00 | $101,408.00 | $177,380.00 |
| Projected 2-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 3.0% | 3.0% | 3.0% |
| Freshman year | $15,713.00 | $17,557.00 | $30,710.00 |
| Senior year | $16,182.00 | $18,080.00 | $31,626.00 |
| Total 2-year net price | $31,895.00 | $35,637.00 | $62,336.00 |
| 10-year loan interest @ 6.8% | $12,151.00 | $13,576.00 | $23,748.00 |
| Total monthly payment | $367.00 | $410.00 | $717.00 |
| Total amount paid | $44,046.00 | $49,214.00 | $86,083.00 |
See the full net-price breakdown in the net-price section.
Net price reflects the true cost to attend after grant and scholarship aid is deducted. This is the more honest cost figure for most families, since it accounts for institutional and federal aid.
| Average net price (on-campus) | $12,397.00 |
| Average net price (off-campus) | $13,253.00 |
Net price varies sharply by family income, dropping as need-based aid grows. The table below shows the average net price by family-income bracket:
| Family income | Average net price |
|---|---|
| Under $30,000 | $10,985.00 |
| $30,000 to $48,000 | $12,003.00 |
| $48,001 to $75,000 | $15,357.00 |
| $75,001 to $110,000 | $18,600.00 |
| Over $110,000 | $19,252.00 |
Use University of Memphis Net Price Calculator, or visit the financial aid office.
For the grant-and-scholarship detail behind these figures, see the grants & scholarships detail.
The typical debt load for borrowers leaving University of Memphis comes to $15,809.00, placing the school in the Low ($10-20k) debt-burden category.
Across borrowers, debt at graduation distributes like this:
| Percentile | Debt at graduation |
|---|---|
| 10th | $3,500.00 |
| 25th | $7,056.00 |
| Median (50th) | $15,809.00 |
| 75th | $30,864.00 |
| 90th | $45,000.00 |
The 10th-to-90th-percentile spread is one signal of how variable debt outcomes are across the student body.
For the full borrowing and repayment picture, see the student-loan-debt breakdown.
Student debt at graduation is not evenly distributed across income levels. The figures below split graduating borrowers into three income brackets:
| Family income | Median debt at graduation |
|---|---|
| Low income | $17,500.00 |
| Middle income | $15,000.00 |
| High income | $14,250.00 |
Graduates from lower-income families carry $3,250.00 in extra median debt compared with high-income peers.
First-generation students frequently graduate with different debt than continuing-generation students.
| Student group | Median debt at graduation |
|---|---|
| First-generation students | $16,250.00 |
| Continuing-generation students | $15,000.00 |
First-gen students at University of Memphis leave with $1,250.00 more debt than continuing-generation students.
Pell Grant eligibility is a useful proxy for low-income status among undergraduates. The Pell vs non-Pell debt gap reveals how borrowing differs by need.
The median debt difference between Pell-eligible and non-Pell graduates of University of Memphis stands at $5,000.00. This school carries a federal Pell-debt-inequity flag.
The federal default-rate tier for University of Memphis is Low (<5%).
| Window | Cohort default rate |
|---|---|
| 2-year | 10.2% |
For scale, federal Stafford loan disbursements at University of Memphis total $2,167,222,860.00 over 76,258 borrowers.
Veterans and active-duty service members may qualify for substantial federal education benefits such as the Post-9/11 GI Bill and DoD Tuition Assistance.
| GI Bill recipients | 352 |
| Avg GI Bill amount | $8,974.00 |
| DoD Tuition Assistance recipients | 80 |
| Avg DoD Tuition Assistance | $3,429.00 |
Dig into veteran education benefits on the college veterans page.
The figures above are a starting point — as you weigh University of Memphis, consider the following:
Use the pages below to go deeper on a specific part of the cost story:
Data sources. Figures on this page draw from the U.S. Department of Education College Scorecard, the Integrated Postsecondary Education Data System (IPEDS), and MediaFactual editorial review. Net-price calculator and financial-aid office links are taken from the institution’s own published data.