University of Memphis
Memphis, TN 38152 — Public
Value Score: 85/100 | ROI Score: 13 | Affordability Score: 90/100
Tuition (In-State): $10,728 | Out-of-State: $15,384
Acceptance Rate: 72.0% | Graduation Rate: 50.1% | Retention Rate: 77.4%
Median Earnings (10yr): $48,458 | Median Debt: $23,300
SAT Average: 1088
Student Body Size: 12,701 (large)
Pell Grant Recipients: 41.2% | Federal Loan Rate: 37.9%
Average Faculty Salary: $9,632/month
Tuition & Affordability Analysis
In-state tuition at University of Memphis is $10,728 per year, which is near the national average for public institutions.
Out-of-state students pay $15,384/year — a premium of $4,656 over in-state rates. Over four years, out-of-state students pay approximately $18,624 more than their in-state peers.
Estimated four-year tuition cost: $42,912 (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 University of Memphis:
- Families earning $0–$30,000: $10,607/year
- Families earning $30,001–$48,000: $10,968/year
- Families earning $48,001–$75,000: $13,923/year
- Families earning $75,001–$110,000: $17,384/year
- Families earning $110,000+: $18,691/year
Low-income families receive an average discount of $121/year, paying just 99% of the sticker price.
Admissions Snapshot
University of Memphis has an acceptance rate of 72.0%, placing it in the Less Selective (70–85%) category. This means roughly 4,408 students apply each year.
The average SAT score of admitted students is 1088, near the national average. This is within the mid-range nationally.
Graduate Outcomes & Return on Investment
50.1% of students at University of Memphis complete their degree, 19% below the national average. This is below average — prospective students should investigate support services and retention programs.
First-year retention rate: 77.4% (4% below the national average). This indicates most students are satisfied enough to return for sophomore year.
Graduates of University of Memphis earn a median salary of $48,458 ten years after enrollment, 18% above the national average. This represents a $13,458/year earnings premium over the average high school diploma holder, or $403,740 in additional lifetime earnings over a 30-year career.
The median student debt at graduation is $23,300, 8% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $253/month, with a total repayment of $30,360 (including $7,060 in interest).
Debt-to-Earnings Ratio: 0.48x. 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 University of Memphis pays for itself in approximately 4 years. This is an excellent return on investment.
Financial Aid Profile
41.2% of students at University of Memphis receive Pell Grants (federal need-based aid for families earning under ~$60,000), 25% above the national average. This is near the national average, reflecting a typical economic diversity among the student body.
37.9% of students take federal loans, 19% below the national average. This is a moderate borrowing rate.
Average faculty salary: $9,632/month, 10% above the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
University of Memphis enrolls 12,701 undergraduate students. As a large institution, students have access to a wide range of programs, research opportunities, and campus activities.
Diversity Index: 69/100 (higher = more diverse). The campus has moderate diversity.
Student body composition: White 35%, Hispanic 12%, Black 41%, Asian 5%.
University of Memphis: Public University with Good Value and Competitive Outcomes
- University of Memphis: Your Launchpad to Mid-South Careers in Logistics and Healthcare
- Unlock Your Potential: How the University of Memphis Connects You to Real-World Opportunities
- Affordable Education, Tangible Outcomes: Is the University of Memphis the Smart Choice?
Report Card: Overall Grade C-
University of Memphis receives an overall grade of C- based on six dimensions:
- Academics: D
- Value: D
- Outcomes: C+
- Affordability: C+
College Analysis
University of Memphis is a Public institution in Memphis, TN with approximately 12,701 students. Academics: University of Memphis has a graduation rate of 50.13%, slightly below the national average for public universities. Value: The university offers a relatively affordable in-state tuition of $10,728, with a high affordability score of 90. Outcomes: Graduates earn a median salary of $48,458 after 10 years, which is competitive with similar institutions.
The Verdict: Is University of Memphis Worth It?
The University of Memphis presents a mixed value proposition. With a median 10-year earnings of $48,458 and median debt of $23,300, the debt-to-earnings ratio is somewhat concerning, suggesting a longer payoff period for student loans. The ROI score of 13, while not explicitly defined here, likely reflects this balance. In-state tuition is relatively affordable at $10,728, making it a potentially good deal for Tennessee residents if they can secure employment locally or in regions where UofM graduates are in demand. However, out-of-state tuition ($15,384) increases the financial burden. Graduates earning the median salary would need approximately 4-5 years to pay off their median debt, assuming a significant portion of their income is allocated to loan repayment. Considering the strong presence of major employers like FedEx and St. Jude in Memphis, graduates who leverage local connections and internships may find solid career footing. However, the lower graduation rate (50.1%) suggests potential challenges for some students in completing their degrees efficiently. Overall, UofM appears to be a decent, though not exceptional, value, particularly for in-state students who can capitalize on regional job markets. It's not a hidden gem, nor is it drastically overpriced, but requires careful financial planning and strategic career focus.
Return on Investment
The degree from University of Memphis is worth the cost, offering a good balance of affordability and strong career outcomes.
Debt Reality Check
Median student debt at University of Memphis: $23,300. Monthly payment on a standard 10-year plan: $265/month. Total repaid: $31,800 ($8,500 in interest).
Breakeven vs high school diploma: 1.3 years. Debt burden: Manageable. Salary needed for comfortable repayment: $31,800.
Strengths
- Strong in-state tuition rate
- High affordability score
- Competitive median earnings after 10 years
Weaknesses
- Graduation rate slightly below national average
- Moderate median debt
Academic Profile
SAT Average: 1088. Retention Rate: 77.4%.
The University of Memphis boasts a robust academic profile with particular strengths in areas that leverage its urban setting and regional connections. The College of Arts and Sciences is the largest, offering a wide array of disciplines, while the Fogelman College of Business & Economics is highly regarded, especially for its programs in accounting, finance, and supply chain management, reflecting Memphis's status as a logistics hub. The Herff College of Engineering is also a significant player, with strong programs in civil, mechanical, and electrical engineering. For those seeking a more intensive academic experience, the University Honors Program provides enriched coursework, research opportunities, and a close-knit community for high-achieving students. Research is a key component of the UofM experience, with numerous faculty-led projects and centers of excellence, such as the FedEx Institute of Technology, fostering innovation. While specific faculty salary data isn't readily available, the university is committed to faculty development, aiming to attract and retain quality educators. Student-faculty ratios are generally manageable, allowing for meaningful interaction, especially within smaller upper-division courses and honors seminars. Study abroad opportunities are available through various programs, encouraging students to broaden their global perspectives. Academic support is comprehensive, with resources like the University Tutoring Center, the Writing Center, and dedicated advising services available to help students succeed.
Financial Aid Guide for University of Memphis
Pell Grant recipients: 41.2%. Students taking federal loans: 37.9%.
Navigating financial aid at the University of Memphis involves understanding both merit-based and need-based opportunities. UofM offers a range of scholarships, including academic scholarships for incoming freshmen based on GPA and ACT/SAT scores (though specific score ranges are not provided, strong academic profiles are generally favored). These can range from a few thousand dollars to covering full tuition and fees. Additionally, departmental scholarships are available within specific colleges and programs, often requiring separate applications and demonstrating program-specific talent or interest. Need-based aid, determined by the FAFSA, is crucial for many students. Federal Pell Grants can provide significant assistance for lower-income students, and state grants like the Tennessee Student Assistance Corporation (TSAC) awards are also available for eligible Tennessee residents. The University also offers its own need-based grants and institutional aid. Federal Work-Study programs provide on-campus employment opportunities for students with demonstrated financial need, allowing them to earn money to help cover educational expenses. Typical aid packages can vary widely, but for students with significant need, a combination of grants, scholarships, and federal loans might cover a substantial portion of the $10,728 in-state tuition and $15,384 out-of-state tuition, plus living expenses. Scholarship applications are often due early in the admissions cycle, so proactive searching and application are key. While UofM is generally not known for extensive aid negotiation, appealing an aid offer with new financial information or documentation of competing offers might be considered in specific circumstances.
Hidden Costs at University of Memphis
- Room and board costs can add an estimated $10,000 - $14,000 per academic year, depending on the chosen meal plan and housing type.
- Textbooks and course materials can easily cost between $800 - $1,200 annually.
- Mandatory student fees, including technology and activity fees, can total around $1,500 per year.
- Transportation costs, including gas, insurance, or public transit passes, might range from $500 - $1,500 annually.
- Parking permits for on-campus parking can cost between $150 - $400 per semester.
- Personal expenses such as toiletries, laundry, entertainment, and miscellaneous items can add another $1,000 - $2,000 per year.
- Health insurance, if not covered by a parent's plan, can cost upwards of $2,500 annually.
Alumni Outcomes & Career Paths
Graduates from the University of Memphis (UofM) enter a diverse job market, with many finding opportunities within the Memphis metropolitan area and the broader Mid-South region. Major employers that frequently recruit UofM talent include St. Jude Children's Research Hospital, FedEx, International Paper, AutoZone, and Baptist Memorial Health Care. These companies offer roles across various sectors, from logistics and healthcare to finance and technology. Alumni tend to cluster in industries such as logistics and transportation, healthcare, education, and advanced manufacturing, reflecting the economic strengths of the region. While specific graduate school placement rates are not readily available in aggregate, UofM supports students pursuing advanced degrees through its various colleges, with notable programs in law, business, and health sciences. The university's career services department offers resources like resume workshops, career fairs, and mock interviews, aiming to connect students with internship and job opportunities. Internship pipelines are particularly strong with local and regional companies, providing practical experience. Geographic hiring patterns show a significant concentration of alumni remaining in Tennessee, particularly in Memphis, but also extending to neighboring states like Arkansas and Mississippi, and to a lesser extent, national hubs for specific industries like logistics (e.g., Dallas, Atlanta).
Campus Life & Culture at University of Memphis
The University of Memphis serves a diverse student body, with a significant portion of students coming from the Mid-South region, particularly Tennessee. The university is committed to diversity and inclusion, attracting students from various ethnic, socioeconomic, and geographic backgrounds. Students who thrive here are often independent, community-oriented, and eager to engage with the vibrant culture of Memphis.
The University of Memphis, affectionately known as UofM, pulses with a vibrant energy that mirrors its hometown. Nestled in the heart of Memphis, the campus itself is a blend of historic architecture and modern facilities, creating a dynamic environment. The student body is diverse, reflecting the rich cultural tapestry of the Mid-South. Social life here is active, with a strong emphasis on athletics, particularly basketball and football, where the Tigers command significant fan support. Game days are a major event, drawing students and alumni together. Beyond sports, UofM offers over 200 student organizations, ranging from academic clubs and cultural groups to service-oriented and hobby-based associations. The University Center is a central hub for student activity, featuring dining options, lounges, and spaces for events. Greek life is present, with several fraternities and sororities contributing to the social scene, though it's not the dominant force for all students. Housing options include traditional residence halls and apartment-style living on campus, with many students also opting for off-campus apartments in nearby neighborhoods like the vibrant Cooper-Young district or the more student-focused areas closer to campus. Dining services offer a variety of choices, from all-you-can-eat buffets to grab-and-go options, catering to different tastes and schedules. The overall vibe is one of community and opportunity, with students encouraged to get involved and make the most of their college experience in a city known for its music, food, and hospitality.
Campus Highlights
- The iconic University Center, a central hub for student life, dining, and activities.
- FedExForum, home to the Memphis Tigers basketball team and a major downtown entertainment venue.
- The vibrant and historic Cooper-Young neighborhood adjacent to campus, offering unique shops, restaurants, and nightlife.
- The strong connection to the city of Memphis, providing students with access to internships, cultural events, and a rich musical heritage.
- The FedEx Institute of Technology, fostering innovation and research in technology and entrepreneurship.
- The beautiful landscaped grounds and iconic landmarks like the fountain on the central mall.
- A diverse student body that reflects the cultural richness of the Mid-South region.
Location & Regional Advantages
The University of Memphis's location in Memphis, TN, offers a unique set of geographic advantages and challenges. Memphis is a major logistics and distribution hub, largely due to FedEx's global headquarters and its strategic position on the Mississippi River. This provides UofM students with direct access to internships and careers in supply chain management, transportation, and related fields. The cost of living in Memphis is significantly lower than the national average, making the overall cost of education and living expenses more manageable for students and graduates. While Memphis has a rich cultural scene and a growing culinary landscape, it faces challenges related to economic development and public safety that can influence perceptions of quality of life. Proximity to other industry hubs is moderate; while not directly adjacent to major tech or finance centers, it's within a few hours' drive of Nashville and Little Rock, and a larger flight hub for national travel. This location fosters strong local and regional career opportunities, particularly in established industries, but may require relocation for those seeking entry into more specialized or rapidly growing sectors like Silicon Valley tech or New York finance. The weather is characterized by hot, humid summers and mild winters, which is a preference for some but not all.
How to Get Into University of Memphis
The University of Memphis employs a moderately selective admissions process, with a 72.0% acceptance rate, indicating that while admission is attainable for many, a thoughtful application is still necessary. The admissions office looks for a well-rounded academic record, with a strong emphasis on GPA. While specific test score ranges (SAT/ACT) are not provided, applicants should aim for scores that are at or above the midpoint of admitted students, if available, or demonstrate strong performance in coursework. Essays are an opportunity to showcase personality, experiences, and why UofM is the right fit; focus on authentic stories that highlight resilience, leadership, or unique perspectives. Demonstrated interest is often a positive factor, so attending virtual or in-person information sessions, engaging with admissions counselors, and visiting campus (if possible) can be beneficial. Early Action (EA) is available, allowing students to apply early and receive a decision without being contractually obligated to attend, which can be advantageous for planning. The application timeline typically involves submitting applications in the fall of the senior year, with deadlines often in December or January for fall admission. Strong letters of recommendation from teachers or counselors who know you well can also bolster your application.
How University of Memphis Compares to Similar Schools
Similar schools: University of Tennessee, Knoxville, Arkansas State University, Mississippi State University, University of Arkansas
Advantages
- Stronger presence in logistics and transportation sectors due to Memphis's hub status.
- Lower cost of living in Memphis compared to some peer university locations.
- Established partnerships with major Memphis-based corporations like FedEx and St. Jude.
Disadvantages
- Lower overall graduation rate compared to some peers.
- Potentially less national brand recognition outside the Mid-South region.
Best For
- Students looking for a highly selective institution may find the admission rate too high.
- Those seeking a smaller campus experience may prefer a more intimate setting.
Avoid If
- Students who are looking for a diverse and affordable public university with good career outcomes should consider University of Memphis.
- Prospective students interested in a highly selective institution with lower tuition rates may want to explore other options.
Frequently Asked Questions about University of Memphis
How much does it cost to attend University of Memphis?
In-state tuition at University of Memphis is $10,728 per year, and out-of-state tuition is $15,384 per year. The median student debt at graduation is $23,300.
What is the acceptance rate at University of Memphis?
University of Memphis has an acceptance rate of 72.0%.
What is the graduation rate at University of Memphis?
University of Memphis has a graduation rate of 50.1%.
How much do University of Memphis graduates earn?
The median earnings for University of Memphis graduates 10 years after enrollment is $48,458. With median debt of $23,300, graduates earn roughly 2.1x their debt level annually.
How big is University of Memphis?
University of Memphis has approximately 12,701 students and is classified as a large institution. It is located in Memphis, TN and is a Public institution.
Is University of Memphis worth the cost?
University of Memphis has an ROI score of 13 out of 100. With in-state tuition of $10,728 per year and median post-graduation earnings of $48,458, the data suggests the return on investment may be below average.
Where is University of Memphis located?
University of Memphis is located in Memphis, TN. It is a Public institution with approximately 12,701 students.
How much student debt do University of Memphis graduates have?
The median student debt for University of Memphis graduates is $23,300. With median earnings of $48,458 ten years after enrollment, graduates can expect a debt-to-income ratio of 48%.
Is University of Memphis a good college?
University of Memphis has a graduation rate of 50.1% and median post-graduation earnings of $48,458. The university has a diverse student body with a significant black population.
How does University of Memphis compare to similar colleges?
The admission rate is 72.03%, indicating a relatively open admissions process. Compared to peer institutions, University of Memphis offers a good balance of affordability and outcomes, making it a solid choice for students.
What career prospects do University of Memphis graduates have?
Graduates from University of Memphis are well-positioned for careers in various fields, particularly in the Memphis region.
What should prospective students know about University of Memphis?
University of Memphis is well-placed in the market, offering a mix of affordability and strong academic and career outcomes.
What makes University of Memphis stand out?
The median debt of $23,300 is moderate compared to peer institutions.
What are the pros and cons of attending University of Memphis?
The university's location in Memphis offers unique cultural and economic opportunities.
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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.