University of Memphis

In 2022, tuition for full-time students at University of Memphis was $8,520 a year for in-state students and $15,720 a year for out-of-state students.

Usually, college tuition goes up about 3% every year.

If this information makes going to college sound impossible, remember, the displayed price of tuition doesn't mean much if you plan to use financial aid to help pay for college. Many students find the actual cost of college is much less than the total tuition after grants, scholarships, and tuition discounts kick in. And, student loans can make theprice of collegefeel more doable until after graduation.

International students can expect to pay 17,400 per year for tuition at University of Memphis.

University of Memphis meets 56% of the demonstrated financial need for undergraduates. First-year students that attend University of Memphis full-time are awarded $12,650 a year in financial aid, on average.

Students in the class of 2023 who had taken out student loans graduated with an average of $29,939 of debt.

University of Memphis: In-state vs. Out-of-State Tuition

University of Memphis is a public, state institution, which means it offers a reduced tuition rate of $8,520 for students who qualify as state residents and attend full-time. For non-Tennessee residents, out-of-state tuition is $15,720 a year.

Public colleges and universities receive funding from the state government. These institutions offer a lower cost of attendance for students who are residents of that state.

Choosing a college where you qualify for in-state residency can cut the cost of college tuition. Don't forget to verify your state's rules for in-state residency. Each state has different requirements to qualify as in-state resident. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be other criteria as well, depending on the state you and your parents currently live in.

Explore other Tennessee colleges

Is University of Memphis's Tuition Different for International Students?

Tuition at University of Memphis is higher for international students than it is for out-of-state students.

International students at University of Memphis can expect to pay around $17,400 per year, before any scholarships, grants or other financial aid.

Students from outside of the U.S. usually do not qualify for for loans or grants from the U.S. government, but should research private or University of Memphis-specific grants, scholarships, and other funding opportunities. International students who demonstrate financial need may qualify for the following types of financial support at University of Memphis:

•On-campus jobs •University of Memphis-specific scholarships

International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.

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University of Memphis Living Expenses, Fees, and More

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Tuition is not the only cost of attending college; there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at University of Memphis.

Room and Board Costs at University of Memphis

Housing and campus dining at University of Memphis costs $10,096 a year. This number includes the cost of living in dorms or other on-campus housing, plus a meal plan that allows you to eat in the school dining facilities.

Board costs can depend on how many meals are included in the plan you choose.

Cost of Books at University of Memphis

The cost of books often surprises first-year college students. The real cost of books depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy used textbooks and materials.

Annual Fees

The majority of colleges also have fees to help cover the cost of facilties, like the library, gym and computer labs.

There may be optional fees associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools offer resources for students who may struggle to participate because of cost can find ways to lower or eliminate these costs.

Transportation costs

The total cost of getting around in college can really vary. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you plan to bring a car or will you need to use public transportation? All of these questions can make a big difference in your transportation budget. Keeping in mind, first-year students are allowed to park a car on campus.

Where are a college is located can also have a big effect on the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in an urban area is usually expensive, but cities may offer more trains, busses or affordable flights to actually get to school. The University of Memphis campus is in a city in Tennessee, not far from Memphis.

Other Costs

When creating a budget for college, don’t forget to leave some room in your budget for personal expenses, like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

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Total Tuition and Expenses at University of Memphis

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Now, let’s do a rundown of all of the costs associated with college, to get a better idea of what is really costs to go to University of Memphis.

Total Cost of University of Memphis

What will the cost of attending University of Memphis be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
In-state Tuition	$8,520
Out-of-State Tuition	$15,720
Room and Board	$10,096

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Tuition and fees may vary depending on program, course level, location, and more.

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University of Memphis Financial Aid

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In 2023, 7,678 of the 16,708 undergrads enrolled received financial aid. University of Memphis meets 56% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $12,650 a year. Around 60% of University of Memphis undergrads take out student loans to cover any remaining costs. University of Memphis graduates who have student loans graduate with an average of $29,939 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$27,408
University of Memphis-Specific Loans	$4,265
Private Loans	$24,840

Most Common Loans for University of Memphis Students
Federal Loans	59%
Private loans	7%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on University of Memphis financial aid, keep reading, or visit their financial aid website.

Scholarships at University of Memphis

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, University of Memphis awarded 5,669 need-based scholarships to students, giving away total of $55.3 million to help students with financial need cover the cost of school. An additional $45.05 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of University of Memphis

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for University of Memphis students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at University of Memphis was $12,650 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of University of Memphis seem more manageable.

Estimated Net Cost for Full-Time Students
In-State, On-Campus	$-4,860
Net In-state, Off-campus	$-2,306
Out-of-State, On-Campus	$14,990

Note: a negative number can indicate that a refund will be given to use toward other expenses such as housing, fees, and books. In such cases, be sure to reach out to the school directly for any clarification or questions.

What will attending University of Memphis really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the University of Memphis's net cost calculator on their website.

University of Memphis Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

University of Memphis Tuition Waivers

Schools sometimes waiver tuition for certain groups, to offset the cost of attending. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.

Check the financial aid website for more information on payment plans and tuition waivers.

University of Memphis's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

University of Memphis's endowment was valued at $305.1 million in 2023, compared to a national average of $905 million. The school spends $8,723 for each full-time student enrolled.

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Learn More About University of Memphis

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Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.

Overview

Student Life

Academics

Admissions

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