University of Miami Tuition & Financial Aid

University of Miami Tuition & Financial Aid

University of Miami is one of the top tier universities accommodates students from different races, ethnicities, customs, and faiths. It is also located in one of the most dynamic and multicultural cities in the world.

Due to its reputation in excellence over the years, University of Miami has rapidly progressed to become one of America’s top research universities.

University of Miami tuition is $53,112 which is higher than the national average cost of tuition of $41,281. These amounts are for both tuition and fees. Fees include: library services, gym facilities, student centers, technology resources and campus medical centers. These fees in most cases differ by institution.

When comparing cost of tuition and fees of different institutions, put the total cost and the net price into consideration. The total cost is the main price, plus the cost of room and board, books, supplies, transportation and personal expenses.
The total cost at the University of Miami is $75,230. Meanwhile, the net price is the cost after aid and scholarship funds has been removed from the total cost to bring it to $40,041 for the average recipient receiving need based aid.

University of Miami Tuition & Expenses

Tuition and fees $54,760 (2021-22)

Net price for federal loan recipients (2018-2019) $46,949

Net price by family income (2018-2019)

Family Income                 Average Cost
$0-$30,000                        $42,611
$30,001-$48,000             $36,623
$48,001-$75,000             $38,540
$75,001-$110,000          $44,741
$110,001+                         $54,089

Room and board $15,880(2021-22)

Student Loan Debt for University of Miami

The amount of student loan debt you accumulate during your college days can affect your financial life long after graduation. It is advisable to keep your total student loan dept. below your expected salary upon graduation.

At the University of Miami, the average federal loan dept among students who has completed their first degree is $17,125. Furthermore, the average monthly federal loan repayment for student federal loan recipients who graduated is $163. Also, some student took private loans and had an average of $38,478 in loan debt at graduation.

Typical total federal loan debt among those who did not graduate $7,753
Typical total federal loan debt by family income
Family Income                                        Total Debt
$0-$30,000                                                $15,625
$30,001-$75,000                                     $15,500
$75,001+                                                    $14,318

Typical monthly loan payment is $163

Undergraduates paying down their federal loan debt by family income
Family Income                  Paying Down Debt
$0-$30,000                          N/A
$30,001-$75,000               N/A
$75,001+                              N/A

University of Miami Scholarships

Scholarships are a type of funding that the recipient doesn’t need to pay back.

Types of scholarships are:
• Need based scholarships
Merit based scholarships

Need based scholarships are the type of scholarship award that put student’s financial status into consideration.
Merit based scholarships are a type of scholarship awarded to students based on their academic achievement.

Recipients sometimes receive enough scholarship funds to cover their tuition and fees.
Types of scholarships and grants available at University of Miami.
Average need-based scholarship or grant award (freshmen)

1. Jobs
Work and study programs can help you to shoulder the burden of your student loan. Most institutions offer such programs to qualified students and also on campus jobs to students who are willing to earn a living in their free time.
You can search for job offers by checking if your college has online job boards. Talk to fellow students, career counselors, professors for help finding a job that is related to your interests.

2. Average need-based self-help aid award (freshmen)

What is the cost of tuition at the University of Miami?

Expenses                   Undergraduate On Campus     Undergraduate Off-Campus or University Village   With Parent/Relative
Tuition                              $53,112                                                                            $53,112                                                                      $53,112
Fees                                    $1,648                                                                              $1,648                                                                         $1,648
Housing and Meals      $15,880                                                                            $20,060                                                                      $6,687
Books                                $1,000                                                                               $1,000                                                                        $1,000
Personal                           $2,190                                                                               $2,190                                                                        $2,190
Transportation              $1,400                                                                               $1,400                                                                        $1,400
Total Cost of Attendance:  $75,230                                                                    $79,410                                                                     $66,037

Annual Prices at the university of Miami

The annual list price on a full time basis at UM for 2022/2023 is $75,906. This is applicable to all students irrespective of their residency. This fee breakdown is $53,112 for tuition, $15,880 room and board, $1,000 for books and supplies and $1,648 for others. While Out of state tuition for University of Miami is $53,112, as well as Florida residents.
All price data is sourced from the 2022/2023 data on tuition from the university’s website.