F
Private 4 Year

Florida Memorial University Tuition & Cost

Miami Gardens, Florida

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How much does it cost to attend?

Sticker Price
$30,512
Costs for Florida Memorial University
Fee Cost
Tuition$12,576
Books and Supplies$2,500
Other Fees$3,660
Room and Board $7,776
Other Expenses Budget$4,000

Annual Prices

The annual list price to attend Florida Memorial University on a full time basis for 2018/2019 is $30,512 for all students regardless of their residency. This fee is comprised of $12,576 for tuition, $7,776 room and board, $2,500 for books and supplies and $3,660 for other fees. Out of state tuition for Florida Memorial University is $12,576, the same as Florida residents.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Florida Memorial University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$17,247
Net Price by Income Florida Memorial University
Family Income Net Price Paid
$0 to $30,000$16,391
$30,001 to $48,000$17,810
$48,001 to $75,000$19,751
$75,001 to $110,000$21,960
$110,000+$24,260

The average reported annual net price for Florida Memorial University for students receiving grants or scholarship aid was $17,247 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

86% of full-time undergrad Florida Memorial University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $10,881 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 56% of students received Federal Student Loans averaging $6,585 and 2% of undergrads took out private student loans averaging $4,571.

Finanical Aid Florida Memorial University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $10,881 86%
Institutional Grants and Scholarships $6,116 17%
Pell Grants $5,634 76%
Other Federal Grants $1,884 9%
State and Local Grants $6,055 65%
Federal Student Loans $6,585 56%
Other Student Loans $4,571 2%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Florida Memorial University, we've modeled a ten year student loan with an original principal value of $48,300. The loan balance of $48,300 is a four year multiple of the $12,075 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $461 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $48,300
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $460.84
Total Interest Paid $7,000.23
Sum of All Loan Payments $55,300.23

Projected 4 Year Degree Price

4 Year Sticker Price
$122,048
Year All Residents
1 $30,512
2 $30,607
3 $30,702
4 $30,797

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Florida Memorial University to be $122,048 - assuming graduation in normal time. The estimation assumes a 0.3% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Florida Memorial University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $524 $1,572 $2,096

Estimated cost for a class at Florida Memorial University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Florida Memorial University versus other colleges.

Tuition Payment Plans Available

Florida Memorial University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan Yes
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=133979 IPEDS survey data for Florida Memorial University.