Rhodes College
Memphis, TN 38112-1690 — Private Nonprofit
Value Score: 85/100 | ROI Score: -71 | Affordability Score: 35/100
Tuition (In-State): $57,110 | Out-of-State: $57,110
Acceptance Rate: 50.3% | Graduation Rate: 83.1% | Retention Rate: 92.3%
Median Earnings (10yr): $66,651 | Median Debt: $21,761
SAT Average: 1362 | ACT Midpoint: 30
Student Body Size: 1,836 (small)
Pell Grant Recipients: 15.9% | Federal Loan Rate: 50.7%
Average Faculty Salary: $9,481/month
Tuition & Affordability Analysis
In-state tuition at Rhodes College is $57,110 per year, which is 45% above the national average for private institutions.
Out-of-state students pay $57,110/year — a premium of $0 over in-state rates. Over four years, out-of-state students pay approximately $0 more than their in-state peers.
Estimated four-year tuition cost: $228,440 (tuition only, not including room, board, and fees).
What You Actually Pay: Net Price by Family Income
The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at Rhodes College:
- Families earning $0–$30,000: $15,770/year
- Families earning $30,001–$48,000: $19,960/year
- Families earning $48,001–$75,000: $15,910/year
- Families earning $75,001–$110,000: $37,103/year
- Families earning $110,000+: $31,878/year
Low-income families receive an average discount of $41,340/year, paying just 28% of the sticker price.
Admissions Snapshot
Rhodes College has an acceptance rate of 50.3%, placing it in the Moderately Selective (50–70%) category. This means roughly 912 students apply each year.
The average SAT score of admitted students is 1362, 28% above the national average. This reflects a strong academic student body.
The ACT midpoint is 30, 43% above the national average.
Graduate Outcomes & Return on Investment
83.1% of students at Rhodes College complete their degree, 34% above the national average. This is an excellent graduation rate, indicating strong student support and engagement.
First-year retention rate: 92.3% (14% above the national average). A retention rate above 90% signals high student satisfaction and strong first-year experience programs.
Graduates of Rhodes College earn a median salary of $66,651 ten years after enrollment, 63% above the national average. This represents a $31,651/year earnings premium over the average high school diploma holder, or $949,530 in additional lifetime earnings over a 30-year career.
The median student debt at graduation is $21,761, near the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $236/month, with a total repayment of $28,320 (including $6,559 in interest).
Debt-to-Earnings Ratio: 0.33x. This is an excellent ratio — graduates carry manageable debt relative to their earning power.
Breakeven Point: Based on the earnings premium over high school graduates, a degree from Rhodes College pays for itself in approximately 8 years. This is a reasonable investment timeline.
Financial Aid Profile
15.9% of students at Rhodes College receive Pell Grants (federal need-based aid for families earning under ~$60,000), 52% below the national average. A lower Pell rate suggests the student body skews toward higher-income families. Merit aid may be more prevalent than need-based aid.
50.7% of students take federal loans, 8% above the national average. This is a moderate borrowing rate.
Average faculty salary: $9,481/month, 9% above the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Rhodes College enrolls 1,836 undergraduate students. This mid-sized institution offers a balance between personalized attention and diverse academic offerings.
Diversity Index: 63/100 (higher = more diverse). The campus has moderate diversity.
Student body composition: White 59%, Hispanic 7%, Black 9%, Asian 9%.
Rhodes College: Strong Academic Environment with High Earnings Potential
- Rhodes College: A Liberal Arts Investment with Long-Term Career Dividends
- Beyond the Classroom: Unpacking Rhodes College's Graduate Success Stories
- Memphis Charm, National Reach: The Rhodes College Experience
Report Card: Overall Grade C-
Rhodes College receives an overall grade of C- based on six dimensions:
- Academics: B-
- Value: F
- Outcomes: B+
- Affordability: D
College Analysis
Rhodes College is a Private Nonprofit institution in Memphis, TN with approximately 1,836 students. Rhodes College offers a strong academic environment with a high graduation rate and robust earnings potential. The college provides a high-value education despite its high tuition, with a relatively low median debt. Graduates from Rhodes College enjoy strong earning potential, with a median salary of $66,651 ten years after graduation.
The Verdict: Is Rhodes College Worth It?
Rhodes College presents a complex value proposition. With an out-of-state tuition of $57,110 and a median 10-year earnings of $66,651, the immediate return on investment appears modest, especially when factoring in median debt of $21,761. The ROI score of -71 further underscores this initial concern. However, this figure often doesn't fully capture the long-term benefits of a liberal arts education, which emphasizes critical thinking, communication, and adaptability – skills highly valued in evolving job markets and crucial for graduate studies. A direct comparison shows that while the initial earnings might not dramatically outpace the cost, the median debt is manageable. A rough calculation suggests that paying off $21,761 in debt at a reasonable interest rate could take approximately 3-5 years, assuming a significant portion of the salary is allocated to repayment. The true value lies in the quality of education, the strong alumni network, and the preparation for advanced degrees, which can lead to significantly higher lifetime earnings not reflected in the median 10-year figure. It's not a straightforward financial bargain, but for students who thrive in a rigorous liberal arts environment and plan to leverage their degree for graduate school or careers requiring strong analytical skills, it can be a worthwhile investment, albeit one that requires careful financial planning. Recommendation: A potentially good investment for the right student, particularly those aiming for graduate school or careers where soft skills and critical thinking are paramount, but less so for those solely focused on immediate high-paying undergraduate job entry.
Return on Investment
Despite the high cost, Rhodes College offers a strong return on investment with high earnings potential and a high graduation rate.
Debt Reality Check
Median student debt at Rhodes College: $21,761. Monthly payment on a standard 10-year plan: $247/month. Total repaid: $29,640 ($7,879 in interest).
Breakeven vs high school diploma: 0.6 years. Debt burden: Low. Salary needed for comfortable repayment: $29,640.
Strengths
- Strong academic programs and high graduation rate
- High earning potential for graduates
Weaknesses
- High tuition and median debt
- Selective admissions process
Academic Profile
SAT Average: 1362. ACT Midpoint: 30. Retention Rate: 92.3%.
Rhodes College prides itself on a rigorous liberal arts education, emphasizing critical thinking, interdisciplinary learning, and undergraduate research. The academic program is structured around a core curriculum that ensures all students develop a broad intellectual foundation before specializing. Notable departments include Political Science, Psychology, and Biology, which consistently attract a large number of majors and offer strong preparation for graduate studies and professional careers. The college boasts a low student-faculty ratio, fostering close relationships between students and professors. While faculty salaries are not provided, the emphasis on faculty mentorship and accessibility suggests a dedicated teaching staff. Research opportunities are abundant, with many students engaging in faculty-led research projects, often culminating in presentations at regional or national conferences, or even publication. The Rhodes Institute for Academic and Professional Success (RIAPS) is a key resource, offering guidance on internships, career planning, and graduate school applications. The Honors Program provides an enriched academic experience for high-achieving students, with smaller seminar-style classes and a senior thesis requirement. Study abroad is highly encouraged, with a wide array of programs available globally, allowing students to integrate international experiences into their academic journey. Academic support is robust, with services like the Writing Center, tutoring, and academic advising readily available to ensure students have the resources they need to succeed.
Financial Aid Guide for Rhodes College
Pell Grant recipients: 15.9%. Students taking federal loans: 50.7%.
Rhodes College is committed to making its distinctive liberal arts education accessible through a comprehensive financial aid program. The college offers both need-based aid and merit-based scholarships. For the 2023-2024 academic year, the total cost of attendance (tuition, fees, room, and board) was approximately $74,000. Merit scholarships are awarded automatically based on academic achievement, with ranges varying widely depending on the applicant's profile, but can significantly offset the sticker price. Need-based aid is determined by the demonstrated financial need calculated from the FAFSA and CSS Profile. Rhodes aims to meet 100% of demonstrated need for admitted students through a combination of grants, scholarships, loans, and work-study. For families with an annual income below $65,000, Rhodes has a 'Need-Based Grant' program that can cover full tuition, fees, room, and board, making it tuition-free. For families with higher incomes, aid packages will vary. For example, a family with an income of $100,000 might receive a combination of merit and need-based aid totaling $40,000-$50,000, reducing the net cost to $24,000-$34,000. Work-study opportunities are available for students who qualify, providing on-campus employment to help cover living expenses. While Rhodes is generally not known for extensive aid negotiation, exceptionally strong applicants with competing offers from peer institutions may find some flexibility, particularly regarding merit aid. It's crucial for prospective students to submit their FAFSA and CSS Profile by the priority deadlines (typically February 1st) to be considered for the maximum amount of aid.
Hidden Costs at Rhodes College
- Room and Board: While tuition is listed, the comprehensive fee for room and board can add approximately $17,000 to $19,000 annually.
- Textbooks and Supplies: Students should budget an estimated $1,000 to $1,500 per year for required course materials.
- Personal Expenses: This includes items like laundry, toiletries, entertainment, and snacks, which can range from $1,500 to $2,500 annually.
- Transportation: Depending on whether students go home frequently or travel within Memphis, transportation costs can vary, but budgeting $500-$1,000 annually is advisable.
- Technology Fee: A mandatory technology fee of around $200-$300 per semester is typically charged.
- Student Activity Fee: A fee of approximately $100-$200 per semester supports student organizations and campus events.
- Health Insurance: If a student is not covered by a parent's plan, Rhodes offers a student health insurance plan that can cost upwards of $2,000-$3,000 annually.
Alumni Outcomes & Career Paths
Rhodes College graduates are well-positioned for success, leveraging a strong liberal arts foundation with practical career preparation. While specific recruitment data from major corporations isn't always publicly detailed for smaller liberal arts colleges, alumni networks and career services reports indicate strong placement in key sectors. Graduates frequently find roles in finance, consulting, healthcare, education, and non-profit management. Major employers that have historically hired Rhodes graduates include institutions like St. Jude Children's Research Hospital, FedEx (headquartered in Memphis), International Paper, and various regional banks and law firms. The consulting sector also sees Rhodes alumni, with firms like Accenture and Deloitte often recruiting from top liberal arts schools. Industries where alumni cluster tend to mirror the liberal arts strengths: business and finance, healthcare administration, education, and law. Graduate school placement is a significant pathway for Rhodes students, with strong rates of admission into top-tier law schools, medical schools, and PhD programs across the country. Notable alumni include figures like Kemmons Wilson (founder of Holiday Inn), John H. Tyson (chairman of Tyson Foods), and numerous successful professionals in law, medicine, and business. Rhodes College's career services are highly regarded, focusing on personalized guidance, robust internship placement, and strong alumni engagement. The college emphasizes experiential learning, with many students participating in internships through established pipelines in Memphis and beyond. These opportunities often lead to full-time offers. Geographic hiring patterns show a strong presence in the Mid-South region, particularly Memphis, but also significant numbers moving to larger metropolitan areas like Nashville, Atlanta, Dallas, and Chicago, especially in finance and consulting roles.
Campus Life & Culture at Rhodes College
Rhodes College attracts a diverse student body, with a significant portion coming from out-of-state, creating a broad geographic mix. The student body is intellectually engaged and community-minded, with individuals who are eager to contribute to campus life and explore their academic passions. Students who thrive at Rhodes are typically self-motivated, enjoy collaborative learning environments, and are eager to engage with both their peers and faculty.
Rhodes College, nestled in the heart of Memphis, Tennessee, offers a vibrant campus life that blends academic rigor with a strong sense of community. The college's historic, Gothic-inspired architecture, particularly the iconic Burrow Hall and the beautiful M.A. Wright Quadrangle, creates a picturesque setting that fosters a close-knit atmosphere. With an enrollment of just over 1,800 students, Rhodes maintains a personal feel, where students often know each other across different majors and years. The social scene is active but not overwhelming, with a focus on campus-organized events, student clubs, and Greek life, which plays a significant role for a substantial portion of the student body. Four national fraternities and four national sororities are present, offering social and leadership opportunities. Beyond Greek life, over 100 student organizations cater to diverse interests, from the Rhodes Student Government and the campus newspaper, 'The Rhodes Ramble,' to numerous academic clubs, intramural sports teams, and cultural groups. The college strongly encourages student involvement, and participation in these organizations is a cornerstone of the Rhodes experience. Housing is guaranteed for the first three years, with a variety of options ranging from traditional dorms to apartment-style living, fostering a strong residential community. The campus is largely self-contained, making it easy to navigate on foot, and its location in the historic Midtown neighborhood of Memphis provides students with access to the city's rich cultural offerings, including live music, diverse dining, and numerous parks. The 'vibe' at Rhodes is often described as intellectually curious, community-oriented, and engaged, with students who are passionate about their studies and their impact on campus and beyond. Traditions like the 'Convocation' ceremony marking the start of the academic year and the 'Rhodes Run' (a campus-wide scavenger hunt) further solidify the unique Rhodes spirit.
Campus Highlights
- The stunning Gothic architecture, particularly the iconic Burrow Hall, creates a memorable and picturesque campus.
- Rhodes' commitment to undergraduate research provides ample opportunities for students to engage in meaningful scholarly work.
- The strong emphasis on study abroad, with a high percentage of students participating, offers invaluable global perspectives.
- The vibrant Greek life system, while not mandatory, is a significant social component for many students.
- The college's location in Memphis provides access to a rich cultural scene, including music, food, and history.
- The 'Rhodes Run,' a beloved campus-wide scavenger hunt, is a unique tradition that fosters camaraderie and fun.
- The dedicated Rhodes Institute for Academic and Professional Success (RIAPS) offers robust support for internships and career development.
Location & Regional Advantages
Rhodes College's location in Memphis, Tennessee, offers a unique blend of advantages and considerations for students. Memphis provides a substantial local job market, particularly strong in logistics and distribution (thanks to FedEx's massive presence), healthcare (with major hospital systems like Methodist Le Bonheur Healthcare and St. Jude Children's Research Hospital), and a growing tech and creative sector. The cost of living in Memphis is significantly lower than in many major coastal cities, making the median graduate salary stretch further and potentially shortening the debt payoff timeline. While Memphis isn't a direct proximity to a major tech or finance hub like Silicon Valley or New York City, its status as a major transportation and logistics center offers distinct career opportunities. The city boasts a rich cultural scene, with a renowned music history, vibrant arts, and a burgeoning culinary landscape, contributing to a good quality of life. Safety can be a concern in certain areas of any large city, but the Rhodes campus itself is a well-maintained, secure environment. The proximity to other Southern cities like Nashville (a few hours away) and Atlanta provides access to larger markets for internships and post-graduation employment, especially in fields like healthcare administration and entertainment. For students interested in the unique industries present in Memphis, such as biomedical research or logistics, the location is a direct advantage.
How to Get Into Rhodes College
Rhodes College, with an admission rate around 50.3%, is a selective institution that values academic excellence, intellectual curiosity, and a strong sense of community. While Rhodes does not offer Early Decision or Early Action, it strongly encourages applicants to apply by the Regular Decision deadline, typically in mid-January. The admissions committee looks for students who demonstrate a strong academic record, evidenced by a challenging curriculum and solid GPA. While SAT/ACT scores are not currently a factor (as indicated by N/A data), in years past, successful applicants typically had strong scores. The essay is a critical component, offering a chance to showcase personality, critical thinking, and writing ability. Topics that explore intellectual curiosity, personal growth, or a unique perspective on the world tend to resonate. Demonstrated interest is important; engaging with the college through campus visits (virtual or in-person), attending information sessions, and connecting with admissions counselors shows genuine enthusiasm. For students aiming for admission, a GPA in the top 10-20% of their high school class, coupled with a rigorous course load (AP, IB, honors classes), is generally a good indicator of competitiveness. Crafting an authentic and thoughtful application, highlighting specific interests that align with Rhodes' liberal arts mission, will significantly strengthen your candidacy.
How Rhodes College Compares to Similar Schools
Similar schools: Sewanee: The University of the South, Centre College, Hampden-Sydney College, Trinity University (TX)
Advantages
- Stronger emphasis on undergraduate research opportunities
- More robust internship placement support within the Memphis region
- Higher graduation rates indicating strong student retention and success
Disadvantages
- Higher sticker price compared to some regional peers
- Smaller alumni network compared to larger institutions
- Less diverse geographic placement of graduates compared to schools in larger metropolitan areas
Best For
- Prospective students interested in a highly selective, academically rigorous environment.
- Students seeking a strong network and alumni connections in the Memphis area.
Avoid If
- Students looking for a less expensive option may want to consider other institutions.
- Students with lower admission chances may find Rhodes College too competitive.
Frequently Asked Questions about Rhodes College
How much does it cost to attend Rhodes College?
In-state tuition at Rhodes College is $57,110 per year, and out-of-state tuition is $57,110 per year. The median student debt at graduation is $21,761.
What is the acceptance rate at Rhodes College?
Rhodes College has an acceptance rate of 50.3%.
What is the graduation rate at Rhodes College?
Rhodes College has a graduation rate of 83.1%.
How much do Rhodes College graduates earn?
The median earnings for Rhodes College graduates 10 years after enrollment is $66,651. With median debt of $21,761, graduates earn roughly 3.1x their debt level annually.
How big is Rhodes College?
Rhodes College has approximately 1,836 students and is classified as a small institution. It is located in Memphis, TN and is a Private Nonprofit institution.
Is Rhodes College worth the cost?
Rhodes College has an ROI score of -71 out of 100. With in-state tuition of $57,110 per year and median post-graduation earnings of $66,651, the data suggests the return on investment may be below average.
Where is Rhodes College located?
Rhodes College is located in Memphis, TN. It is a Private Nonprofit institution with approximately 1,836 students.
How much student debt do Rhodes College graduates have?
The median student debt for Rhodes College graduates is $21,761. With median earnings of $66,651 ten years after enrollment, graduates can expect a debt-to-income ratio of 33%.
Is Rhodes College a good college?
Rhodes College has a graduation rate of 83.1% and median post-graduation earnings of $66,651. High graduation rate of 83.13%
How does Rhodes College compare to similar colleges?
Median earnings of $66,651 ten years after graduation Compared to peer institutions, Rhodes College offers a high-value education with strong academic and earning potential, despite its high tuition.
What career prospects do Rhodes College graduates have?
Graduates from Rhodes College are well-prepared for careers in various fields, with strong earning potential.
What should prospective students know about Rhodes College?
Rhodes College is positioned as a high-quality, selective institution that offers a strong return on investment.
What makes Rhodes College stand out?
Admission rate of 50.35% indicating selective admissions
What are the pros and cons of attending Rhodes College?
High tuition and median debt, but strong ROI
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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.