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University of Memphis vs Lincoln Memorial University: which has better ROI?

Public, Memphis TN · vs · Private nonprofit, Harrogate TN

The verdict

Lincoln Memorial University has the better ROI: it clears its 4-year net cost of $81,624 in 51.1 years versus 506 years at University of Memphis, on median earnings of $49,956 vs $48,458 ten years out. (Scorecard, 2026 · our math.)

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Head to head
MeasureUniversity of MemphisLincoln Memorial University
Net price / yr$12,397$20,406
Total net cost$49,588$81,624
Median earnings, 10 yrs$48,458$49,956
Median debt$23,300$20,000
Payback506 yrs51.1 yrs
20-year net return-$47,628-$49,704

College Scorecard (2026), institution-level · payback and returns are our math. Figures blend all majors.

Which is cheaper, University of Memphis or Lincoln Memorial University?

University of Memphis, at $12,397 a year after aid versus $20,406 — a gap of $8,009 a year, or $32,036 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.

Do University of Memphis or Lincoln Memorial University graduates earn more?

Lincoln Memorial University graduates report a median $49,956 ten years after entry, $1,498 more than the $48,458 at University of Memphis. Both are institution-wide medians from federal tax records, so a high-paying major at the lower school can beat the average at the higher one.

Which leaves students with less debt, University of Memphis or Lincoln Memorial University?

Lincoln Memorial University: its completers carry a median $20,000 in federal loans versus $23,300 at University of Memphis, a difference of $3,300. The figure counts students who finished; it excludes private loans and anyone who left before graduating.

Which graduates more of its students?

51% of students finish at University of Memphis, against 50% at Lincoln Memorial University. Completion matters to the ROI arithmetic because a degree that is never finished still carries its cost and its debt, but earns none of the graduate premium above the $48,360 high-school baseline.

University of Memphis vs Lincoln Memorial University: frequently asked questions

Is University of Memphis or Lincoln Memorial University a better value?
Lincoln Memorial University. It clears its $81,624 net cost in about 51.1 years versus 506 years at University of Memphis, on median earnings of $49,956 vs $48,458 ten years out.
Which is cheaper, University of Memphis or Lincoln Memorial University?
University of Memphis: $12,397/yr net price after aid versus $20,406/yr at Lincoln Memorial University — a difference of $8,009 a year, or about $32,036 over four years.
Do University of Memphis or Lincoln Memorial University graduates earn more?
Lincoln Memorial University graduates earn a median $49,956 ten years after entry, versus $48,458 at University of Memphis — a $1,498 gap. This blends every major, so a specific field can flip it.