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#1 Best Private Colleges in Florida

Miami Tuition & Cost

Coral Gables, Florida

 13 Reviews

How much does it cost to attend?

Sticker Price
$70,906
Costs for University of Miami
Fee Cost
Tuition$50,400
Books and Supplies$1,000
Other Fees$1,530
Room and Board $14,658
Other Expenses Budget$3,318

Annual Prices

The annual list price to attend University of Miami on a full time basis for 2018/2019 is $70,906 for all students regardless of their residency. This fee is comprised of $50,400 for tuition, $14,658 room and board, $1,000 for books and supplies and $1,530 for other fees. Out of state tuition for University of Miami is $50,400, 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 University of Miami when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$33,102
Net Price by Income University of Miami
Family Income Net Price Paid
$0 to $30,000$42,611
$30,001 to $48,000$36,623
$48,001 to $75,000$38,540
$75,001 to $110,000$44,741
$110,000+$54,089

The average reported annual net price for University of Miami for students receiving grants or scholarship aid was $33,102 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

70% of full-time undergrad University of Miami received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $33,931 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 29% of students received Federal Student Loans averaging $3,605 and 5% of undergrads took out private student loans averaging $25,997.

Finanical Aid University of Miami
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $33,931 70%
Institutional Grants and Scholarships $30,763 67%
Pell Grants $4,835 13%
Other Federal Grants $2,783 11%
State and Local Grants $9,939 24%
Federal Student Loans $3,605 29%
Other Student Loans $25,997 5%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to University of Miami, we've modeled a ten year student loan with an original principal value of $110,544. The loan balance of $110,544 is a four year multiple of the $27,636 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 $1,055 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 $110,544
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,054.71
Total Interest Paid $16,021.40
Sum of All Loan Payments $126,565.40

Projected 4 Year Degree Price

4 Year Sticker Price
$283,624
Year All Residents
1 $70,906
2 $73,331
3 $75,839
4 $78,433

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at University of Miami to be $283,624 - assuming graduation in normal time. The estimation assumes a 3.4% 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 University of Miami
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $2,100 $6,300 $8,400

Estimated cost for a class at University of Miami 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 University of Miami versus other colleges.

Tuition Payment Plans Available

University of Miami Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan Yes
Alternative Tuition Plan Yes
Guaranteed Tuition Plan Yes

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=135726 IPEDS survey data for University of Miami.