Practical implementations of quantum technologies require preparation of states with a high degree of purity---or, in thermodynamic terms, very low temperatures. Given finite resources, the Third Law of thermodynamics prohibits perfect cooling; nonetheless, attainable upper bounds for the asymptotic ground state population of a system repeatedly interacting with quantum thermal machines have been derived. These bounds apply within a memoryless (Markovian) setting, in which each refrigeration step proceeds independently of those previous. Here, we expand this framework to study the effects of memory on quantum cooling. By introducing a memory mechanism through a generalized collision model that permits a Markovian embedding, we derive achievable bounds that provide an exponential advantage over the memoryless case. For qubits, our bound coincides with that of heat-bath algorithmic cooling, which our framework generalizes to arbitrary dimensions. We lastly describe the adaptive step-wise optimal protocol that outperforms all standard procedures.
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