MEMPHIS — The Tennessee Board of Regents has approved a proposal that will significantly reduce the amount of tuition that out-of-state students pay to attend the University of Memphis.
Under the new 250-R program, full-time undergraduates who graduated from a high school within 250 miles of Memphis will now pay $12,456 a year, an almost $10,000 reduction from last year’s amount of $21,768.
Out-of-state students who live outside of the 250-mile radius, regardless of their classification, will also see a reduction in fees. Full-time undergraduate students from out of state will pay $3,000 less for an annual cost of $18,768. Full-time graduate students will see their fees drop to $17,082 from $19,476. All out-of-state students enrolled at the U of M’s Cecil C. Humphreys School of Law will see their tuition reduced from $37,864 to $23,852.
“The reduction in out-of-state tuition will allow us to be more competitive so we can educate more students from the surrounding area,” said U of M President M. David Rudd. “The University has always been a great educational value, but it is an even better value now.”
All changes take effect this fall and apply to already admitted students, as well as new students.
All U of M students, regardless of where they reside, will still have to pay mandatory fees, which are designated for specific expenses such as debt service, student activities and technology access.
Metropolitan areas located within the U of M’s proposed 250-mile zone include Little Rock, St. Louis, Birmingham, Ala., and Jackson, Miss. New out-of-state fees approved by TBR do not apply to students who live in the border counties of Crittenden County, Ark., or DeSoto, Tate, Tunica and Marshall counties in Miss., since they already attend the U of M at in-state rates.
The U of M, which graduates more than 4,000 students a year, enrolled 21,480 students in 2013-14. It has had record application numbers this spring, surpassing 10,000 for the first time in its history. As of last week, more than 10,500 students had applied for first-time admission in fall 2014.
For more information, visit www.memphis.edu/nrtuition.