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Memphis Standard

Friday, September 27, 2024

University of Memphis listed among least affordable Tennessee institutions for in-state students in 2023

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Bill Hardgrave President | University of Memphis

Bill Hardgrave President | University of Memphis

The University of Memphis cost $10,344 in tuition and fees for students studying in-state, according to the latest disclosure from the National Center for Education Statistics.

This ranks the University of Memphis as one of the five most expensive schools in Tennessee in 2023.

The amount an in-state students in tuition and fees was $288 more than the previous year.

Out-of-state students attending the University of Memphis in 2023 were expected to pay $14,784, which is $504 more than the previous year.

The average cost of college has more than doubled in the 21st century, growing by more than 7% every year. In-state students can expect to spend nearly $10,000 on tuition alone per year at a public, 4-year post-secondary school.Meanwhile, out-of-state tuitions averages $27,457.

In 2022-23 a total of $240.7 billion in financial aid was granted to help graduate and undergraduate students.

Cost of education for in-state students in Tennessee in 2023
CityInstitution NameCollege costs
KnoxvilleThe University of Tennessee-Knoxville$13,484
MemphisThe University of Memphis$10,344
MartinThe University of Tennessee-Martin$10,208
ChattanoogaThe University of Tennessee-Chattanooga$10,144
CookevilleTennessee Technological University$10,084

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