Is University of Memphis worth it? What it costs, and what graduates earn
You would borrow a median $23,300 — about $265 a month for ten years. Graduates earn a median
$48,458 ten years after starting, so the debt clears in roughly
2.6 years of the salary premium.
D
Is it worth the money?
Be careful — the salary here takes noticeably longer than average to clear the debt.
You borrow$23,300median federal debt at graduation
You repay$265/mostandard 10-year federal plan
You earn$48,458median, 10 years after entry · beats 24%
Debt clears in2.6 yrsranked 669 of 795
What that feels like each month
Repayment against the salary that has to cover it.
Gross monthly pay
$4,038
Loan repayment
$265
Share of your pay
6.6%
0%15% — the comfort line25%
Under roughly 15% of gross pay, repayment is generally considered manageable alongside rent and living costs.
Cut the debt before you borrow it
Every dollar you win is a dollar you never repay — and it moves the 2.6-year payback above.
We list 1 scholarship tied to University of Memphis.
We may earn a commission if you take a loan through a provider listed here. It never changes the figures on
this page — the debt, salary and payback come from the US Department of Education, not from lenders.
How University of Memphis compares
Against the 795 US universities we grade on payback.
The typical graded university clears its debt in 1.3 years
on median earnings of $57,089 against
$22,500 of debt.
University of Memphis takes longer than that, and its graduates earn $8,938 a year more than a US worker with only a high-school diploma.
How much do graduates of University of Memphis earn?
Median earnings are $48,458 a year, measured ten years after students first enrolled — from tax records, not a survey. That is higher than 24% of the US universities we hold figures for.
How much debt will I have at University of Memphis?
The median graduate leaves with $23,300 of federal loans. On the standard ten-year plan that is about $265 a month — roughly 6.6% of the median graduate's monthly pay before tax.
How long does a degree from University of Memphis take to pay for itself?
About 2.6 years of the salary premium — the amount graduates earn above the $39,520 a US worker with only a high-school diploma makes. That ranks it 669 of 795 US universities we grade on payback.
Can scholarships reduce this debt?
Yes — we list 1 scholarship tied to University of Memphis. Each award you win comes straight off the borrowing above, and the payback figure falls with it.
Do these numbers apply to my subject?
No. The Department of Education publishes one figure per institution, so nursing, engineering and fine art students at University of Memphis all sit inside the same median. Treat it as the size of the financial risk, not a salary forecast for your course.
Source: US Department of Education College Scorecard — earnings and debt cover students who received federal
financial aid and blend every subject taught at the institution. Figures imported
28 Aug 2026.
This page is information, not financial advice.