How much does it cost to attend?

Sticker Price
Costs for Memphis College of Art
Fee Cost
Books and Supplies$1,650
Other Fees$730
Room and Board $8,890
Other Expenses Budget$0

Annual Prices

The annual list price to attend Memphis College of Art on a full time basis for 2018/2019 is $43,670 for all students regardless of their residency. This fee is comprised of $32,400 for tuition, $8,890 room and board, $1,650 for books and supplies and $730 for other fees. Out of state tuition for Memphis College of Art is $32,400, the same as Tennessee residents.

All price data is sourced from the 2018/2019 U.S. Department of Education National Center for Education Statistics survey.

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Net Price

Net price is indicative of what it actually costs to attend Memphis College of Art when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2017/2018
Net Price by Income Memphis College of Art
Family Income Net Price Paid
$0 to $30,000$30,696
$30,001 to $48,000$30,409
$48,001 to $75,000$33,050
$75,001 to $110,000$36,155

The average reported annual net price for Memphis College of Art for students receiving grants or scholarship aid was $32,480 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

Finanical Aid Memphis College of Art
Type Avg./Student Students Receiving
Annual Total Grant Aid $11,116 100%
Pell Grant $2,628 56%
Federal Student Loan $3,097 88%

The average reported annual net price for Memphis College of Art for students receiving grants or scholarship aid was $32,480 in 2017/2018.

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Memphis College of Art, we've modeled a ten year student loan with an original principal value of $86,840. The loan balance of $86,840 is a four year multiple of the $21,710 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 $901 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 4.529%.

Example Loan $86,840
Stafford Loan Interest Rate 4.5%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $901.21
Total Interest Paid $21,305.25
Sum of All Loan Payments $108,145.25

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $43,670
2 $45,990
3 $48,433
4 $51,006

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Memphis College of Art to be $174,680 - assuming graduation in normal time. The estimation assumes a 5.3% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Memphis College of Art
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,350 $4,050 $5,400

Estimated cost for a class at Memphis College of Art 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 Memphis College of Art versus other colleges.

Tuition Payment Plans Available

Memphis College of Art 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 IPEDS survey data for Memphis College of Art.