Analysis
University of Memphis's interdisciplinary studies program lands squarely in the middle of the pack—both nationally and within Tennessee—but manages to keep debt significantly below average. Starting earnings of $37,229 trail the national median by about $1,500 and sit just below Tennessee's median, placing graduates at the 40th percentile statewide. What stands out, though, is the debt picture: at $30,430, it's actually $7,000 less than the Tennessee median and well below what peers at schools like MTSU or Belmont typically carry. The 0.82 debt-to-earnings ratio means graduates owe less than their first year's salary, a manageable position that makes this program financially accessible for students who need to borrow.
The earnings trajectory is modest—growing just 6% over four years to reach $39,408—which keeps this program from being a financial standout. For context, Memphis ranks in the middle tier among Tennessee schools offering this degree, essentially matching Vanderbilt and Belmont but trailing MTSU slightly. The 93% admission rate and high Pell grant enrollment (40%) suggest this program serves a broad population, many of whom are likely balancing work and family alongside their studies.
For families seeking an affordable path to a bachelor's degree with reasonable debt, this program delivers on that promise. Just don't expect substantial salary growth in the early career years—what you see at graduation is largely what you'll have four years later.
Where University of Memphis Stands
Earnings vs. debt across all multi/interdisciplinary studies bachelors's programs nationally
Earnings Distribution
How University of Memphis graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| University of Memphis | $37,229 | $39,408 | +6% |
| Vanderbilt University | $37,276 | $60,205 | +62% |
| Belmont University | $37,264 | $47,428 | +27% |
| Middle Tennessee State University | $38,272 | $38,553 | +1% |
| The University of Tennessee-Knoxville | $23,404 | $37,520 | +60% |
Compare to Similar Programs in Tennessee
Multi/Interdisciplinary Studies bachelors's programs at peer institutions in Tennessee (20 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $10,344 | $37,229 | $39,408 | $30,430 | 0.82 | |
| $9,506 | $38,272 | $38,553 | $26,000 | 0.68 | |
| $63,946 | $37,276 | $60,205 | $12,000 | 0.32 | |
| $41,320 | $37,264 | $47,428 | $20,500 | 0.55 | |
| $10,208 | $32,674 | $34,781 | $29,750 | 0.91 | |
| $13,484 | $23,404 | $37,520 | $20,500 | 0.88 | |
| National Median | — | $38,704 | — | $25,495 | 0.66 |
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At University of Memphis, approximately 40% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Sample Size: Based on 286 graduates with reported earnings and 381 graduates with debt data. Small samples may not be representative.