Le Moyne-Owen College
Private College in Memphis, TN. Six-year graduation rate 32%. Median 10-year earnings $35,594.
Ten-year median earnings of $35,594 are on the low side, which raises the bar for what this degree needs to cost. The six-year graduation rate is 32% — low enough that finishing cannot be treated as the default outcome. Graduates leave owing a median of $28,070 — a substantial load to service on these earnings.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ 3-year loan default 0.0% — below national benchmark
- ! Debt-to-income ratio 0.79 — elevated (above 0.60)
- ! Graduation rate 32% — below national average
Admissions
Le Moyne-Owen College admits 99% of applicants — effectively open admission, so the application is a formality rather than a hurdle. The applicant pool is small at 259, which makes year-over-year comparisons unreliable. A 52% yield rate puts this school in the upper range for admits who follow through.
Test score bands (middle 50% of submitters)
These bands describe the enrolled first-years who submitted a score, not the entering class. Where most students apply test-optional the submitters are a self-selected, higher-scoring group.
| Test | 25th–75th percentile | Submitted |
|---|---|---|
| SAT Evidence-Based Reading | — | — |
| SAT Math | — | |
| ACT Composite | — | — |
IPEDS Admissions · 2024
Apply at Le Moyne-Owen College →Academics
Completion is the problem here: 32% graduate within six years. Just 47% of first-years come back — most of the completion gap opens in year one. The two rates sit near each other: few students who return for a second year are missing from the six-year completion figure. Retention drops to 11% for part-time students, a gap worth weighing if full-time study is not realistic. The 10:1 student-faculty ratio is small enough that seminar-sized classes are the norm.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 571 degree- or certificate-seeking undergraduates
Students pay an average of $6,542 annually, well below typical undergraduate net price. Net price varies modestly by income — $6,393 at $0–30k against $8,112 at $75–110k — so the average is a fair guide for most families. 93% of students get grant aid averaging $13,259, so the published price is a poor guide to what most pay. 61% of students borrow federally, so debt is the norm rather than the exception.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 129 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $6,393 |
| $30–48k | $7,213 |
| $48–75k | $7,411 |
| $75–110k | $8,112 |
| $110k+ | — |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 348 of these 571 students, totalling $3,178,556 — an average of $9,134 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Shelby County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)