The University of Memphis announced today that tuition will be increasing once again. However, the hike is being downplayed due to the fact that this is the lowest increase in 18 years.
Undergraduate tuition will be increasing by 3.7 percent to a total of $7,320 per year plus mandatory fees of $1,583 for those from in-state who are taking a full academic course load.
Law students have the smallest tuition increase percentage-wise due to their already drastically more expensive fees. Their tuition is increasing by two percent, but students in the Cecil C. Humphreys School of Law will now have to pay $16,312, in addition to $1,475 in fees.
Graduate students will see the largest increase, going up 3.9 percent or $18 per credit hour. This will come to $9,580 a year, plus $1,589 in fees.
With the approval today by the Tennessee Board of Regents (TBR), it marks an increase in tuition for the Tigers that is less than half the average hike (8 percent) in the past 15 years.
“The Tennessee Board of Regents and the University of Memphis remain committed to providing a high-quality education at an affordable cost,” said University of Memphis President M. David Rudd. “We are able to minimize the increase because of continuing cost containment and efficiency measures.”
While the increase may be nothing to cause panic for most students, it does come after a year where the tuition remained the same.