University of Memphis

In 2022, tuition for full-time students at University of Memphis was $8,352 a year for in-state students and $15,720 a year for out-of-state students.

Usually, college tuition rises about 3% year.

If this information makes going to college seem daunting, remember, the displayed price of tuition does not always give you all the info you need to know how much you will actually have to pay for college. Many students find the actual cost of college is way less than the sticker price after grants, scholarships, and tuition discounts are awarded. Additionally, student loans can make theprice of collegefeel more doable until you're done with college.

Tuition for international students at University of Memphis is $21,000 per year.

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

University of Memphis is a public, state institution, so it offers a reduced tuition rate of $8,352 for in-state students who 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. Take the time to confirm your state's requirements for in-state residency. Every state has its own rules about what makes someone eligible for in-state tuition. The most common requirement is that students must have lived in the state for a full year before starting school. There may be other criteria as well, depending on where you live.

Explore other Tennessee colleges

Tuition for International Students at University of Memphis

University of Memphis has the same tuition for international students as for those from out of state.

International students at University of Memphis usually pay around $21,000 per year, before any scholarships, grants or other financial aid.

International students usually do not qualify for for federal financial aid, but should research private or University of Memphis-specific aid and scholarships. International students who demonstrate financial need may qualify for the following types of financial support at University of Memphis:

•Athletic Awards •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 Room, Board, Fees, and More

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In addition to tuition, 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.

House and Food Costs at University of Memphis

Housing and campus dining at University of Memphis is $10,096 a year. This number includes the cost of living in dorms or other on-campus housing, plus a dining plan that enables you to eat all or some of your meals the University of Memphis's on-campus cafeterias and dining facilities.

Board costs can depend on the numnber of meals you intend to eat on-campus

Cost of Books at University of Memphis

The cost of books often surprises first-year college students. The actual 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.

Yearly Fees

The majority of colleges also have fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.

There may be optional fees associated with participating in certain activities, like Greek Life, or playing on an intramural sports team. Most colleges have resources so that those with financial need to find ways to lower or eliminate these fees.

Planes, Trains, and Automobiles: Transportation costs at University of Memphis

The 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 factors can make a big difference in your estimated cost of transportation. At University of Memphis, freshman are allowed to park on campus.

The location of a college or university can also have a big effect on your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in a city might be costly, but cities may offer more buses, trains or low-cost flight options to actually get to school. University of Memphisis in a urban setting in Tennessee, near Memphis.

Other Costs

When budgeting for college, don’t forget to leave some room in your budget for personal expenses, like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.

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Total Tuition and Expenses at University of Memphis

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Now, let’s look at the breakdown of all expenses, to get a better idea of how much students can expect to shell out for 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.

2022 Total Tuition and Expenses
In-state Tuition	$8,352
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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The majority of University of Memphis undergrads use financial aid to finance their education. In 2022, 8,909 of the 16,702 undergrads enrolled received financial aid. University of Memphis meets 55% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $12,287 a year. Around 87% 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 $28,863 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$27,423
University of Memphis-Specific Loans	$4,306
Private Loans	$21,415

Most Common Loans for University of Memphis Students
Federal Loans	87%
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 2022, University of Memphis awarded 6,374 need-based scholarships to students, giving away total of $56.2 million to help students with financial need cover the cost of school. An additional $47.17 million in merit-based scholarship money was awarded to students without demonstrated financial need.

University of Memphis Net Cost

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 $12,287 in 2022. 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	$-6,126
Net In-state, Off-campus	$-3,935
Out-of-State, On-Campus	$13,529

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 understand 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 if you qualify for a 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.

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Learn More About University of Memphis

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