Tuition, Cost & Aid
Affordability and Cost
Average Net Price Average net price for full-time, first-time degree/certificate-seeking undergraduates paying the in-state or in-district tuition rate who were awarded grant or scholarship aid from federal, state or local governments, or the institution. Other sources of grant aid are excluded. Aid awarded anytime during the full aid year is included.
Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
$53,682
Average Net Price By Family Income
Tuition
| In-State Tuition In-state tuition is the tuition charged by institutions to those students who meet the state's or institution's residency requirements. In-district tuition is the tuition charged by the institution to those students residing in the locality in which they attend school and may be a lower rate than in-state tuition if offered by the institution. | $59,926 |
| Out-of-State Tuition Out-of-state tuition is the tuition charged by institutions to those students who do not meet the state's or institution's residency requirements. Out-of-district tuition is the tuition charged by the institution to those students not residing in the locality in which they attend school. | $59,926 |
Additional Costs
Room and Board The weighted average for room and board and other expenses is generated as follows:
| $21,580 |
| Books and Supplies | $1,328 |
| Tuition Payment Plan | Yes |
Financial Aid: visit page
Financial Aid Email: [email protected]
Aid & Grants
0
100
93%
Need Met
Students Receiving Gift Aid Percent of undergraduate students awarded federal gift aid. Federal gift aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution. Students Receiving Grants Percent of undergraduate students awarded grant aid. Grant aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution. Students receiving state aid Students receiving federal aid
16%
Average Aid Per Year
$37,322
16%
Average Federal Grant Aid Per Year
$7,798
Average Institution Grant Aid Per Year
$34,332
22%
Average State Grant Aid Per Year
$9,048
15%
Average Federal Grant Aid Per Year
$7,798
Average Grant & Scholarship By Family Income
Total Needs Based Scholarships/Grants Total amount of grant or scholarship aid awarded to all undergraduates from the federal government, state/local government, the institution, and other sources known to the institution.
$184,128,672
Total Non-Need-Based Scholarships/Grants
$108,873,890
Student Loans
Students Borrowing Loans Loans to students - Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally- and privately-sponsored loans. Does not include PLUS and other loans made directly to parents.
34%
Average Loan Amount Per Year
$8,432
Students receiving federal loans
33%
Average Federal Loans Per Year
$4,204
Average Other Loans Per Year
$26,522
Average Debt at Graduation The median federal debt of undergraduate borrowers who graduated. This figure includes only federal loans; it excludes private student loans and Parent PLUS loans.
$15,233
Loan Default Rate
2%
US National: 7%
Median Monthly Loan Payment The median monthly loan payment for student borrowers who completed, if it were repaid over 10 years at a 5.05% interest rate.
$163
What Students Are Saying
UM is a private school so it can get expensive. So I can understand if some people are turned off by the price but I have a pretty good financial aid package and they try to help you out financially.
Jude from Miami, FL
Although the University of Miami is an expensive private school, they provide many scholarships, work study and financial aid opportunities, and the quality of education there is definitely worth the expense.
Brittany from Miami, FL
Yes, UM is a private school and it can get very expensive at times, but I believe it is worth every penny. You definitely get what you pay for at this University. The financial packages at this school are also one of a kind, they are always trying to help!
Mashail from Boynton Beach, FL
It cost a pretty penny but its worth it. Cappex will help u find scholarships so no need to fear!
Jazzmyne @ UM
I understand that UM is a very expensive private school, and I know I wouldn't have been able to come here without a good amount of scholarship. But that is exactly what I have, and, as a matter of fact, more than 75% of the people that I know here are on great scholarship. As for the school's worthiness of its price tag, I would say that it lives up to one's every hope and expectation. and that UM will help you succeed in whatever you want. That's all that one can ask for.
Rachel from Coral Gables, FL
the sticker price is quite high, but there are plentiful opportunities to mitigate that. scholarships for freshmen and transfers have the potential to cover anywhere from 25-100% of the expenses.
once you graduate, you will find that the local area loves um graduates. former hurricanes hold leadership positions around the city and will gladly hire um grads.
once you graduate, you will find that the local area loves um graduates. former hurricanes hold leadership positions around the city and will gladly hire um grads.
computer science student
Well, this is the one thing that I don't like about UM -- tuition costs. For paying about $54,000 a year, one would assume that they are getting a royal treatment. Sure, the diversity is great, the campus is located in the prime of South Miami, and the classes are great, but the tuition is expensive.
Bijal from Pembroke Pines, FL
The school is very generous with merit scholarships compared to other universities in the top 50. Although the cost of attendance is expensive, the financial aid definitely makes it a great value for top 50 university.
Sal from Metairie, LA
Although the tuition may seem a bit pricey, it's 100% worth it. The variety of classes, the experience of professors, and the overall life at UMiami make students feel comfortable. The school really prepares students for the real world during and after college, and assists in as many ways as possible to help them transition.
Kelly from Coral Gables, FL
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