University of Memphis: Tuition, Fees, and Financial Aid

Choosing a university is a significant investment, and understanding the costs involved is crucial for prospective students and their families. This article provides a detailed overview of the tuition, fees, and financial aid options available at the University of Memphis, including information on work-study programs, military benefits, and payment plans.

Tuition and Fees

Tuition supports classroom instruction and general operating expenses. The University of Memphis' tuition for the academic year is $10,728 for in-state students and $18,762 for out-of-state students. Compared with the national average cost of in-state tuition of $12,201, the University of Memphis is more affordable. For out-of-state students, the tuition is also cheaper than the national average cost of out-of-state tuition, which is $29,084.

These figures include both tuition and fees, also referred to as the sticker price. Fees differ by institution and may fund library services, student gym facilities, student centers, technology resources, and campus health centers.

Tuition and fee charges for all courses will be assessed by a student's level and residency status. Students enrolled in the UM-Global are assessed tuition and fees based on the level of their program.

Important Note: Tuition rates are subject to change. Fall 2025 tuition and fees are subject to change and will not be final until summer 2025. Tuition, fees, and other charges are subject to change by administrative, federal or state legislative changes, or University of Memphis Board of Trustees action, and changes become effective on the date enacted.

Additional Fees

Some courses/programs have additional fees. A complete listing of all course and program fees is maintained by University and Student Business Services (USBS). Contact them for additional information on any fees that may apply.

Total Cost of Attendance

As you’re comparing costs of different institutions, also consider the total cost and the net price. The total cost is the sticker price, plus the cost of food and housing, books and supplies, and transportation and personal expenses. At the University of Memphis, the total cost is $27,722 for in-state students and $35,402 for out-of-state students.

Room and Board

The University of Memphis offers on-campus housing for its students, with a total dormitory capacity of 2,683. Prospective students considering the University of Memphis should be aware of the costs associated with room and board charges. The typical room charge for an academic year at the university is 6,020 USD, placing it in the bottom 35% of institutions in terms of cost. Additionally, the typical board charge for an academic year is 4,076 USD, which falls in the bottom 25% of institutions.

Taking into account the room and board charges at the University of Memphis, which amount to 10,096 USD, prospective students can better assess the affordability of the institution in comparison to other options. It is crucial for students to weigh these costs alongside other factors, such as tuition and fees, when choosing the right college or university for themselves.

On-campus dining is an important part of campus life. It can boost your energy to start the day or unwind after a long day. All full-time undergraduate students participate in the Tiger Eat$ program, which provides flexibility to purchase dining items without the need to carry cash.

Financial Aid and Scholarships

The University of Memphis offers a variety of financial aid options for its students, with 72% of them receiving some form of assistance. Financial aid can include grants, loans, scholarships and work-study jobs. Financial aid packages vary depending on your financial need. Most colleges determine financial need based on your FAFSA.

The average net price is $13,656 per year. Your net price is a college’s cost of attendance minus the grants and scholarships you receive. The net price you pay for a particular college is specific to you because it’s based on your personal circumstances and the college’s financial aid policies. Use the college’s Net Price calculator for the most accurate estimate of your net price.

The average aid package awarded is $13,601.

Financial aid can include grants, loans, scholarships and work-study jobs. Financial aid packages vary depending on your financial need. Most colleges determine financial need based on your FAFSA.

Grants are available for those who qualify, and the average amount of financial aid received by graduate students is 9,378 USD. Undergraduate students, on the other hand, receive an average of 8,352 USD in financial aid.

Read also: Tigers: A Storied History

Here's a breakdown of the average net price by household income:

Income between $0 and $30,000: $11,640
Income between $30,001 and $48,000: $12,495
Income between $48,001 and $75,000: $15,155
Income between $75,001 and $110,000: $18,894
Income over $110,000: $18,714

All scholarships are listed on the Tiger Scholarship Manager, where students can find opportunities related to their major, interest, department, etc.

Financial Aid Dates

Application Due: Apr 15. The last day to apply for financial aid or turn in related paperwork.
Priority Application Due: Apr 1. Applications received prior to this date will be given the strongest consideration. Still apply for financial aid if you don’t make this due date.
Notification Date: Not available. When students receive a letter with the amount and types of aid the college is offering.
Response Due: Not available. The deadline for students to respond to the college’s aid offer.

Work-Study Opportunities

The University of Memphis provides a range of work-study programs, internships, and on-campus employment opportunities for its students. The work-study programs are designed to cater to students with financial needs, offering both Federal Work-Study (FWS) and Regular Student Employment (RSE) programs. The FWS program is specifically for students who can demonstrate financial need, while the RSE program is open to all students who meet the eligibility criteria.

For the FWS program, students can expect to earn between $7.25 and $9.00 per hour. The RSE program offers a pay rate of $7.50 per hour.

International students holding F-1 visas and enrolled full-time have the opportunity to engage in part-time on-campus employment. This is limited to 20 hours per week, inclusive of all pay sources. However, there are exceptions during school breaks, the final semester before graduation, or during the thesis or dissertation phase of study. During these periods, international students may work full-time on-campus, up to 40 hours a week, inclusive of all pay sources. The University of Memphis requires a copy of special permission for full-time employment for the employment file of international students.

For students who do not qualify for the FWS program, the University of Memphis offers the RSE program.

Military Benefits

In addition to financial aid, the University of Memphis also provides military benefits for eligible students via the Veterans Educational Benefits and Certification.

Payment Options

Installment Plan

The University of Memphis offers an Installment Plan to help you pay for tuition and reduce costs to qualified students. To learn more please visit: Installment Plan.

Bookstore Advance Payment Plan (BAPP)

How do I sign up? You do not need to sign up.

Can I decide how much I want to transfer to the plan? No.

How do I know how much is available on the “Bookstore Fin Aid Advance?" Log on to your Campus Card account during the dates listed above. “Current Balance.” Please Note: The posting of the “Bookstore Fin Aid Advance” is not an automatic process.

What if I choose not to take advantage of the Bookstore Advance Payment Plan? BAPP is not mandatory.

If you have financial aid funds prior to the start of the semester to pay your tuition and fees, the bookstore charge will also be paid.

Other Ways to Reduce Costs

Credit by Examination: The University of Memphis awards credit for successful scores on CLEP (as defined by College Board), DSST, and specific departmental exams. This can reduce time and costs of your undergraduate program.
Employer Tuition Assistance: Some students receive tuition assistance by their employer for earned hours toward a degree program.

Important Considerations

An average net price of $13,656 per year.
72% of students receive financial aid.
The average aid package is $13,601.
The typical amount of loans a student must pay back is $25,193.

Tuition Guarantee Plans

Tuition at the time of first enrollment is guaranteed only to students making advance payment. ★Applies to incoming freshman beginning Fall Term 2019.

Paying Your Bill

All full-time undergraduate students participate in the Tiger Eat$ program. The University of Memphis assesses a non-refundable service fee on all credit/debit card student account transactions.

If you have questions about your UofM account status, please check TigerXpress.

The University of Memphis works with Transact to process refunds to student accounts via their PayPath system.

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