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University of Memphis Tuition & Cost


Cost to Attend

In State Tennessee Resident Sticker Price
$24,205
In State Costs for University of Memphis
Fee Cost
Tuition$7,488
Books and Supplies$1,415
Other Fees$1,637
Room and Board $9,153
Other Expenses Budget$4,512
Out of State Resident Sticker Price
$35,917
Out of State Costs for University of Memphis
Fee Cost
Tuition$19,200
Books and Supplies$1,415
Other Fees$1,637
Room and Board $9,153
Other Expenses Budget$4,512

Residents of Tennessee pay an annual total price of $24,205 to attend University of Memphis on a full time basis. This fee is comprised of $7,488 for tuition, $9,153 room and board, $1,415 for books and supplies and $1,637 for other fees.

Out of state residents are charged a total cost of $35,917 which is 48.4% higher than Tennessee residents. The tuition charge is $19,200 while room and board is $9,153, books and supplies are $1,415 and other fees come in at $1,637.


Net Price

Average Net Price '14/'15
$12,369
Net Price by Income University of Memphis
Family Income Net Price Paid
$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
$110,000+$16,764

The average reported annual net price for University of Memphis for students receiving grants or scholarship aid was $12,369 in 2014/2015.

Financial Aid

Finanical Aid University of Memphis
Type Avg./Student Students Receiving
Annual Total Grant Aid $9,589 94%
Pell Grant $4,635 49%
Federal Student Loan $5,344 52%

The average reported annual net price for University of Memphis for students receiving grants or scholarship aid was $12,369 in 2014/2015.

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Student Loans

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

4 Year Sticker Price
$96,820
Year 1 Year 2 Year 3 Year 4
Tennessee Residents $24,205 $25,264 $26,369 $27,523
Non Residents $35,917 $37,488 $39,128 $40,840

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at University of Memphis to be $96,820 - assuming graduation in normal time. The estimation assumes a 4.4% annual increase over the next 4 years which has been the recent trend for this school.

Cost Credit Hour and Price per Class

Credit Hour and Class Costs at University of Memphis
Price Per Credit 4 Credit Class 3 Credit Class
Tennessee Residents $312 $936 $1,248
Out of State Residents $488 $1,464 $1,952

Estimated cost for a class at University of Memphis 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.

Tuition Payment Plans Available

University of Memphis Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=220862 IPEDS survey data for University of Memphis.