University of Miami

In 2022, tuition for full-time students at University of Miami was $58,104 a year.

Tuition increased 4.81% in 2023–from $55,440 the previous year. On average, college tuition goes up about 3% every year.

Remember, the displayed price of tuition does not always tell the full story. Many students owe a lot less than the total tuition after grants, scholarships, and tuition discounts kick in. Additionally, student loans can make theactual cost of attending college more manageable until you're done with college.

University of Miami meets 96% of the demonstrated financial need for undergraduates. First-year students that attend University of Miami full-time are awarded $47,830 a year in financial aid, on average.

In 2020, students graduated with an average of $20,000 in student loans for each student with debt.

Does University of Miami Offer In-State and Out-of-State Tuition?

University of Miami is a private, nonprofit institution, which means it has the same tuition for residents of Florida as it does for students who live in other states.

Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.

Choosing a school where you qualify for in-state tuition can save significant money on the total cost of attending college. Be sure to confirm your state's eligibility criteria for in-state residency. Every state has its own rules about what makes someone eligible for in-state tuition. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition. There may be additional requirements as well, depending on where you live.

Explore other Florida colleges

Do International Students Pay More to Go to University of Miami?

University of Miami has the same tuition for international students as for those from out of state.

Students from outside of the U.S. are not eligible for loans or grants from the U.S. government, but may qualify for private or University of Miami-specific grants, scholarships, and other funding opportunities. International students with need may be eligible for the following types of financial support at University of Miami:

•University of Miami-specific scholarships

International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.

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University of Miami Room, Board, Fees, and More

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In addition to the cost of tuition, room and board, books, transportation and fees are also costs it consider when planning for college. Let's take a look at what impacts these costs, and what to expect at University of Miami.

Room and Board Costs at University of Miami

Housing and campus dining at University of Miami is $21,580 a year. This number covers the cost of living in dorms or other on-campus housing, and a meal plan that enables you to eat in the school dining facilities.

Meal-plan costs vary based on on how many meals are included in the plan you choose.

How Much Do Books Cost at University of Miami?

The cost of books often surprises first-year college students. The actual cost of books depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy used textbooks and materials.

Yearly Fees

Most schools also have fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.

There may be optional fees associated with participating in special activities, like joining a fraternity or sorority, or playing on an intramural sports team. Most colleges have resources for students who may struggle to participate because of cost can get help covering these costs.

Planes, Trains, and Automobiles: Transportation costs at University of Miami

The cost of getting around in college can really vary. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus small enough that you can easily walk from class-to-class?? Do you plan to bring a car or are you planning to use busses, subways, or other modes of transportation? All of these factors can drastically impact your transportation budget. At University of Miami, freshman are not allowed to park on campus.

Where are a college is located can impact your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, transportation in a city is sometimes costly, but cities may offer more buses, trains or low-cost flight options to actually get to school. The University of Miami campus is located in a suburb in Florida, not far from Miami.

Other Costs

When creating a budget for college, be sure to leave some room in your budget for the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

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The Full Cost of Attending University of Miami

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Now, let’s go over all of the costs we've covered, to get a better idea of how much students can expect to shell out for University of Miami.

Total Cost of University of Miami

What will the cost of attending University of Miami be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
Tuition	$58,104
Room and Board	$21,580
Other expenses	$3,680

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Total Estimated Costs
On-Campus	$85,186
Off-Campus	$63,606

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

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University of Miami Financial Aid

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In 2023, 5,467 of the 12,504 undergrads enrolled received financial aid. University of Miami meets 96% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $47,830 a year. Around 33% of University of Miami undergrads take out student loans to cover any remaining costs. University of Miami graduates who have student loans graduate with an average of $20,000 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$16,750
Private Loans	$49,007

Most Common Loans for University of Miami Students
Federal Loans	31%
Private loans	9%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on University of Miami financial aid, keep reading, or visit their financial aid website.

Scholarships at University of Miami

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, University of Miami awarded 4,244 need-based scholarships to students, giving away total of $154.6 million to help students with financial need cover the cost of school. An additional $112.92 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of University of Miami

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for University of Miami students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at University of Miami was $47,830 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of University of Miami seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus	$37,356
Off-Campus	$15,776

What will attending University of Miami really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families get a better idea of the actual cost of attending that school, based on their financial situation. You can find the University of Miami's net cost calculator on their website.

University of Miami Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

University of Miami does not have guaranteed tuition.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

Does University of Miami Offer Tuition Waivers?

Schools sometimes offer tuition waivers to certain groups, to make attending more affordable. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.

University of Miami has some full or partial tuition waivers available for: - Employees or Children of Employees

Check the financial aid website for more information on payment plans and tuition waivers.

University of Miami's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

University of Miami's endowment was valued at $1.344 billion in 2023, compared to a national average of $905 million. For each full-time student, University of Miami spends about $30,563 a year.

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Learn More About University of Miami

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Choose one of the options below to find out more about about University of Miami:

Overview

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