Lana Oconnell
The University of Memphis is a public research university in Memphis, Tennessee, with a student body of over 20,000. In 2023, the university had a total of 21,736 students enrolled, including 16,771 undergraduates. However, undergraduate enrollment has been declining in recent years, with projections for 2024 indicating a further drop to 13,020 students. This decline is attributed to various factors, including changing perceptions of higher education and complications with financial aid applications. Despite the decrease in undergraduate enrollment, the University of Memphis remains a significant educational institution with a history dating back to its founding in 1912.
| Characteristics | Values |
|---|---|
| Total enrollment in 2023 | 21,736 |
| Undergraduate enrollment in 2023 | 16,771 |
| Graduate enrollment in 2024 | 4,599 |
| Dual enrollment in 2024 | 3,049 |
| Full-time enrollment | 13,874 |
| Part-time enrollment | 7,862 |
| Undergraduate tuition in 2023 | $8,520 |
| Average net price in 2023 | $13,656 |
| Average yearly cost of room and board in 2023 | $10,929 |
| Average yearly cost of books and supplies | $1,600 |
| Percentage of undergraduate students receiving financial aid through grants in 2023 | 83% |
| Percentage of undergraduate students receiving financial aid through loans in 2023 | 39% |
| Retention rate for full-time undergraduates | 71% |
| Campus size | 1,600 acres |
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What You'll Learn
Undergraduate enrolment has declined since 2019
Undergraduate enrollment at the University of Memphis has been on a decline since 2019. In fall 2019, before the onset of the COVID-19 pandemic, the university had 15,728 undergraduate students. In fall 2020, this number decreased to 15,601, and in fall 2021, it dropped further to 14,750. The downward trend continued, and in fall 2022, the undergraduate enrollment at the University of Memphis was 14,317. This number decreased even more in fall 2023, with 13,765 undergraduate students.
Looking ahead, the University of Memphis is projecting a significant drop in undergraduate enrollment for fall 2024, with an expected 13,020 undergraduate students. This would represent a five-year decline of 2,709 students and a year-over-year decline of 745 students. The university attributes this projected decline, in part, to an expected 25% drop in first-time freshmen.
Several factors have contributed to the decline in undergraduate enrollment at the University of Memphis. One significant factor is the changing perception around higher education, which is also affecting universities across the country. The COVID-19 pandemic has also played a role in accelerating the enrollment decline. Additionally, there have been complications with FASFA (Free Application for Federal Student Aid), which has further impacted prospective students' views of higher education.
In response to the declining enrollment, U of M leaders are creating more clear pathways for students to choose alternative ways to enter the university, ensuring that admitted students have a reasonable expectation of success. The university is also becoming more selective in its admissions process to increase the likelihood of student success and graduation. While this may impact the university's funding and the local economy, U of M leaders are working to balance selectivity with accessibility.
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The university expects 4,599 graduate students in 2024
The University of Memphis has seen a decline in undergraduate enrolment in recent years. In fall 2024, the university is projecting a total enrolment of 20,276 students. Out of this number, 13,020 are expected to be undergraduate students, and 4,599 are expected to be graduate students. This projection marks a significant drop in undergraduate enrolment from previous years. For instance, in fall 2023, the university had 13,765 undergraduate students and 4,682 graduate students.
The decline in undergraduate enrolment at the University of Memphis is part of a broader trend affecting universities across the country. By 2025, universities are anticipating an "enrollment cliff," with a decrease in the number of prospective students. This trend has been attributed to various factors, including the after-effects of the Great Recession, changing perceptions of higher education, and complications with financial aid applications.
Despite the overall decline in undergraduate enrolment, the University of Memphis has experienced an increase in dual enrolment students, who are often high school students taking college courses. In fall 2024, the university projects to have 3,049 dual enrolment students, nearly double the number from fall 2019. This increase may be due to the university's efforts to provide a wide variety of students with access to college-level courses.
While the University of Memphis is becoming more selective in its admissions process, it remains committed to accessibility and providing opportunities for students from diverse backgrounds. The university offers various degree programs and credentials, including baccalaureate, masters, educational specialist, and doctorate degrees, as well as certificates and diplomas at approved levels.
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83% of undergrads received financial aid in 2023
Undergraduate enrolment at the University of Memphis has been declining in recent years. In fall 2023, the university had 13,765 undergraduate students enrolled. The university received 15,640 undergraduate applications in 2023, of which 14,605 students were accepted, yielding a 93.4% acceptance rate. Notably, 83% of undergraduate students at the University of Memphis received financial aid through grants or loans in 2023. This percentage translates to a significant number of students given the thousands of undergraduates enrolled.
The University of Memphis offers various forms of financial aid to its students. Need-based scholarships consider a student's financial status, while merit-based scholarships are awarded for academic or athletic achievement. Additionally, students may qualify for scholarships based on community service involvement, unique hobbies or traits, personal background, or a parent's employer or military affiliation. The average need-based scholarship or grant awarded to first-year students at the university was $8,924.
Federal loans are another essential component of financial aid. Undergraduate students at the University of Memphis must maintain a 2.0 cumulative GPA to receive federal and/or state aid. The median federal loan debt among undergraduate borrowers who completed their degrees was $23,300. The average monthly federal loan payment, assuming a 10-year repayment period at 5.05% interest, was $247. It is worth noting that 6% of graduating students at the university took out private loans, with an average debt amount of $28,139.
The cost of attendance, including tuition and living expenses, is a crucial factor in understanding the financial landscape for students. In 2023, the cost of tuition at the University of Memphis was $8,520, significantly lower than the national average for Doctoral Universities. The average yearly cost of room and board was $10,929, with an additional $1,600 estimated for books and supplies. The total cost of attendance, including tuition, room and board, and other expenses, was $27,722 for in-state students and $35,402 for out-of-state students.
In conclusion, the University of Memphis provides a range of financial aid options to support its undergraduate students. In 2023, 83% of undergraduates received financial aid, reflecting the university's commitment to making higher education accessible. However, the declining enrolment numbers suggest that the university, like many others, is facing challenges in attracting and retaining students in a changing educational landscape.
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21,736 students enrolled in 2023
In 2023, there were 21,736 students enrolled at the University of Memphis. This includes both undergraduate and graduate students. Of these, 13,874 were enrolled full-time, and 7,862 were enrolled part-time. This means that 63.8% of students enrolled at the University of Memphis were enrolled full-time. For comparison, at similar Doctoral Universities, 77.9% of students are enrolled full-time.
The University of Memphis has seen a decline in undergraduate enrollment in recent years. In fall 2019, before the onset of the COVID-19 pandemic, the institution had 15,728 undergraduate students. This number decreased year-on-year, falling to 14,317 in fall 2022, and 13,765 in fall 2023. The University projects that it will have 13,020 undergraduate students in fall 2024.
Despite the decline in undergraduate enrollment, the number of graduate students has remained relatively stable. There were 4,682 graduate students at the University of Memphis in fall 2023, compared to 3,960 in fall 2019. The University expects to have 4,599 graduate students in fall 2024.
The University of Memphis received 15,640 undergraduate applications in 2023, a 0.805% increase from the previous year. Of these applicants, 93.4% were accepted for enrollment. The median undergraduate tuition at the University of Memphis in 2023 was $8,520, significantly lower than the national average for Doctoral Universities ($31,004). After taking grants and loans into account, the average net price for students was $13,656. In 2023, 83% of undergraduate students at the University of Memphis received financial aid through grants, and 39% received financial aid through loans.
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$17.99
Tuition is $8,520, much lower than the national average
The University of Memphis has experienced a decline in undergraduate enrollment in recent years. In fall 2024, the university is expected to have 13,020 undergraduate students, a significant drop from the 15,728 students enrolled in fall 2019. Despite this decline, the University of Memphis remains committed to providing affordable education.
Tuition at the University of Memphis is $8,520, significantly lower than the national average. This tuition fee applies to both in-state and out-of-state students, making it an attractive option for those seeking a cost-effective education. The university's focus on keeping costs low is beneficial for students, especially considering the rising costs of higher education in the United States.
The University of Memphis understands the financial challenges faced by prospective students and their families. With the impact of the Great Recession and changing perceptions around higher education, the university strives to maintain low tuition and mandatory fees. They achieve this by actively reducing the cost of operations wherever possible. This approach has contributed to their competitive tuition rates and sets them apart from other institutions.
In comparison to the national average cost of in-state tuition of $12,201, the University of Memphis offers a more affordable option. Additionally, for out-of-state students, the university's tuition of $8,520 is considerably lower than the national average of $29,084. These figures highlight the cost-effectiveness of pursuing a degree at the University of Memphis.
To further enhance the affordability of its programs, the University of Memphis offers various financial aid options. Need-based financial aid is determined by the student's or their family's ability to pay, as calculated by the Free Application for Federal Student Aid (FAFSA). In fall 2022, 78% of first-year students at the University of Memphis received need-based financial aid, with an average award of $8,924. Merit-based aid is also available for students who excel in specific talents or academic achievements.
With its low tuition fees and commitment to accessibility, the University of Memphis ensures that a quality education is within reach for a diverse range of students. Their efforts to maintain affordable rates make the university a compelling choice for those seeking to balance academic aspirations with financial considerations.
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Frequently asked questions
As of 2023, the University of Memphis has a total enrollment of 21,736 students, including 13,874 full-time students and 7,862 part-time students.
The undergraduate enrollment at the University of Memphis varies depending on the source and year. One source states that the University of Memphis had 16,771 undergraduate students in the fall of 2023. However, another source indicates that the total undergraduate enrollment in 2023 was 15,605, based on the number of accepted applicants out of 15,640 applicants.
The median undergraduate tuition at the University of Memphis was $8,520 in 2023, which is significantly lower than the national average for doctoral universities. After accounting for grants and loans, the average net price for students was $13,656.
The acceptance rate for the University of Memphis in 2023 was 93.4%. Out of 15,640 applicants, 14,605 students were accepted for enrollment.
Yes, the University of Memphis is projecting a decline in enrollment for the fall of 2024. The university expects to have around 13,020 undergraduate students, which is a significant drop from previous years. This decrease is attributed to various factors, including changing perceptions around higher education and complications with financial aid applications.
