Tuition, Cost & Aid
Affordability and Cost
Average Net Price Average net price for full-time, first-time degree/certificate-seeking undergraduates paying the in-state or in-district tuition rate who were awarded grant or scholarship aid from federal, state or local governments, or the institution. Other sources of grant aid are excluded. Aid awarded anytime during the full aid year is included.
Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
$29,852
Average Net Price By Family Income
Tuition
| In-State Tuition In-state tuition is the tuition charged by institutions to those students who meet the state's or institution's residency requirements. In-district tuition is the tuition charged by the institution to those students residing in the locality in which they attend school and may be a lower rate than in-state tuition if offered by the institution. | $54,892 |
| Out-of-State Tuition Out-of-state tuition is the tuition charged by institutions to those students who do not meet the state's or institution's residency requirements. Out-of-district tuition is the tuition charged by the institution to those students not residing in the locality in which they attend school. | $54,892 |
Additional Costs
Room and Board The weighted average for room and board and other expenses is generated as follows:
| $12,910 |
| Books and Supplies | $1,125 |
| Tuition Payment Plan | Yes |
Aid & Grants
0
100
87%
Need Met
Students Receiving Gift Aid Percent of undergraduate students awarded federal gift aid. Federal gift aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution. Students Receiving Grants Percent of undergraduate students awarded grant aid. Grant aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution. Students receiving state aid Students receiving federal aid
14%
Average Aid Per Year
$35,712
14%
Average Federal Grant Aid Per Year
$6,391
Average Institution Grant Aid Per Year
$33,829
27%
Average State Grant Aid Per Year
$5,010
12%
Average Federal Grant Aid Per Year
$6,391
Average Grant & Scholarship By Family Income
Total Needs Based Scholarships/Grants Total amount of grant or scholarship aid awarded to all undergraduates from the federal government, state/local government, the institution, and other sources known to the institution.
$37,494,028
Total Non-Need-Based Scholarships/Grants
$33,761,176
Student Loans
Students Borrowing Loans Loans to students - Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally- and privately-sponsored loans. Does not include PLUS and other loans made directly to parents.
37%
Average Loan Amount Per Year
$7,444
Students receiving federal loans
36%
Average Federal Loans Per Year
$5,242
Average Other Loans Per Year
$21,465
Average Debt at Graduation The median federal debt of undergraduate borrowers who graduated. This figure includes only federal loans; it excludes private student loans and Parent PLUS loans.
$19,500
Loan Default Rate
2%
US National: 7%
Median Monthly Loan Payment The median monthly loan payment for student borrowers who completed, if it were repaid over 10 years at a 5.05% interest rate.
$207
What Students Are Saying
Because Rhodes is a private school, the cost to attend is rather high. However, Rhodes is great in giving incoming freshman scholarships, grants, and loans to help them afford attendance. Even with the high cost to attend, the quality of the academics and the numerous opportunities available at Rhodes makes the price worth it.
Richard from Frisco, TX
Rhodes is small learning community with highly dedicated and educated faculty willing to work with students one-on-one. Inside and out, the school looks like a castle straight out of a fairy tale (some even compare it to Hogwarts!) What is even more impressive is the push to get students more involved with the Memphis community, internships, and going abroad (Rhodes is known for having a large number of service-minded students).
Taylor from Memphis, TN
It's a great school: extremely beautiful, academically rigorous, and fun. It's still very costly, with tuition increasing every year.
Current Student
So far, I have had really great professors. I feel that I am getting what I expected and much more. The professors are really dedicated to their jobs and their students.
Akosua
It is expensive, but seemingly worth it.
Very Interested
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