Rhodes College

Memphis, TN
2000 North Parkway, Memphis, TN 38112-1690

Rhodes College is a private liberal arts college in Memphis, Tennessee. Founded in 1848, it is the oldest college in the state of Tennessee and is considered one of the most prestigious colleges in the southern United States. Rhodes is a member of the selective Association of American Colleges and Universities and is ranked consistently as one of the top 50 liberal arts colleges in the country by various publications. The college enrolls approximately 2,000 students from across the United States and the world.

Rhodes College was founded in 1848 as the Masonic University of Tennessee. The university was established by the Grand Lodge of Tennessee of the Free and Accepted Masons to provide education to young men who were members of the Masonic Lodge. The university was renamed Rhodes College in 1855 in honor of its first benefactor, British philanthropist and South African diamond magnate Cecil Rhodes. Rhodes donated $100,000 to the college, which was used to construct a new campus on the outskirts of Memphis.

Rhodes College is a liberal arts college, meaning that it offers a broad curriculum in the liberal arts and sciences. The college has an emphasis on rigorous academic study and intellectual growth. Rhodes students are known for their high level of achievement and for their involvement in a variety of extracurricular activities. The college offers a wide range of student organizations, including academic, social, and service organizations. Rhodes students are also active in the Memphis community, volunteering with a variety of local organizations.

Rhodes College is accredited by the Southern Association of Colleges and Schools. The college is also a member of the Association of American Colleges and Universities, the National Association of Independent Colleges and Universities, and the Council of Independent Colleges.

Quick Facts

Type: Private not-for-profit, 4-year or above

Main Website: https://www.rhodes.edu/

Financial Aid: https://www.rhodes.edu/admission/

Annual Costs

Total Cost In-State On-Campus: $66,470

Total Cost Out-State On-Campus: $66,470

Return on Investment Rating

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The estimated cost for four years as an undergraduate at Rhodes College is $238207.36. This includes the average cost of attendance for four years plus the interest on the average loan over a ten year repayment minus the average of grants and scholarships per student.

We then contrast this figure with average early-career and mid-career average incomes of graduates of four year programs at Rhodes College. For graduates of Rhodes College, we saw an average early-career income of $55100.00 and mid-career income of $116500.00. We then ranked the school's value based on how many years of mid-career income it takes to repay the educational costs.