Mar–Jul 2026 retrievals College Scorecard official source

Affordable Alternatives to Rhodes College

Open-data reference.

We found 7 schools structurally similar to Rhodes College that cost less. 7 offer comparable or better earnings outcomes.

Your School

Rhodes College

Memphis, Tennessee · Private Nonprofit

$28,585
Net Price
$66,651
Median Earnings (10yr)
50.3%
Acceptance Rate
83.1%
150%-Time Completion

What the IPEDS & College Scorecard Data Shows for Alternatives to Rhodes College

Rhodes College posts an average net price of $28,585 after grants and scholarships, the IPEDS-derived figure used to anchor this alternatives search. We screened institutions in the Integrated Postsecondary Education Data System for colleges that report a lower net price and share structural similarity with Rhodes College across six dimensions – ownership sector, Carnegie classification, undergraduate enrollment, admission rate, former-student earnings, and completion rate. 7 institutions cleared a 40-percent similarity threshold.

The maximum possible savings across this list is $14,187, achieved by Bowdoin College at $14,398. Of greater interest to ROI-focused applicants: 7 of the 7 alternatives also report median 10-year earnings at or above Rhodes College’s $66,651, meaning lower cost is not paired with lower earnings. The mean median-earnings figure across alternatives is $84,737.

The similarity scoring gives enrollment size, Carnegie classification, and ownership sector the highest weights as transparent structural matching choices. Admission and completion rates are secondary features, while net price determines which lower-cost matches appear. Net price is the average cost of attendance minus grant and scholarship aid for full-time, first-time undergraduate Title IV recipients; it describes that source cohort, not the aid a typical admitted student or any individual family will receive. It is more informative than sticker tuition for that cohort but is not a personalized quote.

Similar Schools That Cost Less

7
Alternatives Found
$14,187
Max Savings
7
Better Value Options
56%
Best Match
Top 5 alternatives by 10-yr earnings Horizontal bar chart of the top 5 items by value (USD). Top 5 alternatives by 10-yr earnings 1. Davidson College $81k 2. Washington and Lee Universit $95k 3. Bowdoin College $83k 4. Williams College $89k 5. Swarthmore College $80k Compared to Rhodes College: $67k.

Source: U.S. Department of Education, College Scorecard Institution-level earnings + cost-of-attendance file · Institution data retrieved July 2026 Institution earnings use federally aided entry cohorts and are not graduate-only; net price is the cohort average for full-time, first-time undergraduate Title IV recipients.

School Net Price Savings Earnings (10yr) Graduation Similarity
Davidson College
Davidson, NC · Private Nonprofit Better Value
$17,379 -$11,206 $81,400 91.5% 56%
Washington and Lee University
Lexington, VA · Private Nonprofit Better Value
$23,781 -$4,804 $94,810 94.4% 54%
Bowdoin College
Brunswick, ME · Private Nonprofit Better Value
$14,398 -$14,187 $82,735 95.4% 54%
Williams College
Williamstown, MA · Private Nonprofit Better Value
$17,716 -$10,869 $88,665 95.1% 51%
Swarthmore College
Swarthmore, PA · Private Nonprofit Better Value
$23,149 -$5,436 $80,257 93.2% 51%
Wellesley College
Wellesley, MA · Private Nonprofit Better Value
$25,496 -$3,089 $84,803 91.4% 49%
Colby College
Waterville, ME · Private Nonprofit Better Value
$17,180 -$11,405 $80,490 89.5% 49%

How We Match Schools

Our similarity engine compares schools across six dimensions: institution type (Carnegie classification), ownership (public/private), enrollment size, admission selectivity, former-student earnings, and completion rates. Each dimension is weighted by its impact on student outcomes.

Only schools with a lower average net price than Rhodes College are shown. Schools marked "Better Value" have comparable or higher median earnings at a lower cost.

Data source: U.S. Department of Education College Scorecard. Earnings are median values 10 years after enrollment, drawn from U.S. Treasury tax records. Net price is the average cost after grants and scholarships for first-time, full-time students, as reported through IPEDS.

Frequently Asked Questions

What are cheaper alternatives to Rhodes College?
We found 7 schools similar to Rhodes College that cost less. The closest match is Davidson College with 56% similarity and a net price of $17,379.
What is the ROI of attending Rhodes College?
Rhodes College has an average net price of $28,585. Former students earn a median of $66,651 ten years after enrollment. The earnings-to-cost ratio is 2.3x.
Are there schools with better outcomes than Rhodes College for less money?
Yes - 7 of 7 alternatives offer comparable or higher median earnings at a lower net price. Davidson College costs $17,379 (saving $11,206) with median earnings of $81,400.
What is the cheapest alternative to Rhodes College?
The most affordable similar school is Bowdoin College at $14,398, saving $14,187 compared to Rhodes College. It has a 54% similarity score.
How do alternative schools' earnings compare?
The 7 alternatives have an average median earnings of $84,737 compared to Rhodes College's $66,651. On average, alternatives match or exceed this school's earnings. Individual results vary, check the comparison table above.

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the U.S. Department of Education College Scorecard. Consult a qualified professional before making decisions based on this data.