University of Memphis Tuition & Cost Guide


Cost to Attend

In State

$18,423

Tennessee Residents

  • Tuition: $7,056
  • Room and Board: $8,716
  • Books and Supplies: $1,395
  • Other Fees: $1,256

Out of State

$33,135

Non Residents

  • Tuition: $21,768
  • Room and Board: $8,716
  • Books and Supplies: $1,395
  • Other Fees: $1,256

*All tuition data is supplied by the 2013/2014 U.S. Department of Education National Center for Education Statistics survey.

Annual Prices

Residents of Tennessee pay an annual total price of $18,423 to attend University of Memphis on a full time basis. This fee is comprised of $7,056 for tuition, $8,716 room and board, $1,395 for books and supplies and $1,256 for other fees.

Out of state residents are charged a total cost of $33,135 which is 79.9% higher than Tennessee residents. The tuition charge is $7,056 while room and board is $8,716, books and supplies are $1,395 and other fees come in at $1,256.



Financial Aid and Student Loans - What does it really cost to attend?

The average reported annual net price for University of Memphis for students receiving grants or scholarship aid was $10,111 in 2012.

Aid Amount Percent Receiving Aid
Average Annual Total Grant Aid $6,434 72%
Average Pell Grant $4,256 49%
Average Annual Federal Student Loan $7,741 61%

To gauge a more realistic picture of what it may really cost you out of pocket to go to University of Memphis, we've modeled a ten year student loan with an original principal value of $40,444. The loan balance of $40,444 is a four year multiple of the $10,111 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $422 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.7%.

Example Loan $40,444
Stafford Loan Interest Rate 4.7%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $422.28
Total Interest Paid $10,229.78
Sum of All Loan Payments $50,673.78

Projected 4 Year Degree Price

Based on published tuition prices, we estimate the current published cost of a 4 year bachelor's degree at University of Memphis to be $73,692 - assuming graduation in normal time. Our estimation assumes a 8.1% annual increase over the next 4 years which has been the recent trend for this school.

Year 1 Year 2 Year 3 Year 4
Tennessee Residents $18,423 $19,919 $21,536 $23,285
Non Residents $33,135 $35,826 $38,735 $41,880

Per Credit Hour and Per Class Prices

We estimate the cost for a class at University of Memphis as follows based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at University of Memphis versus other colleges.

Cost Per Credit Hour Cost Per Class (3 credit hr) Cost Per Class (4 credit hr)
Tennessee Residents $256 $768 $1,024
Out of State Residents $869 $2,607 $3,476

Historical Tuition Prices

The cost to attend college is continually rising. The table below will provide perspective as to the historical tuition increases reported for University of Memphis and what it has cost to attend in past years.

Tennessee Resident Out of State Annual Percent Change
2010 $6,458 $19,178 5.4%
2009 $6,128 $17,714 5.6%
2008 $5,802 $16,630 10.4%
2007 $5,256 $15,722 3.4%
2006 $5,084 $14,898 13.5%
2005 $4,480 $13,204 5.8%
2004 $4,234 $12,388 14.3%
2003 $3,704 $10,858 6.7%
2002 $3,470 $10,124 12.4%
2001 $3,087 $8,873 9.5%
2000 $2,818 $8,078 7.1%
1999 $2,630 $7,502 9%
1998 $2,412 $7,008 7.8%
1997 $2,238 $6,642 10.5%
1996 $2,026 $6,156 -0.8%
1995 $2,042 $5,976 11.7%
1994 $1,828 $5,610 4.6%
1993 $1,748 $5,350 6.8%
1992 $1,636 $5,000 8.6%
1991 $1,507 $4,596 3.8%
1990 $1,452 $4,406 7.2%
1989 $1,354 $4,090 8.1%
1988 $1,252 $3,856 2.6%
1987 $1,220 $3,650 0%

Tuition Payments

Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No