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#1 Best Private Colleges in Florida

Miami Tuition & Cost

Coral Gables, Florida

 14 Reviews

How much does it cost to attend?

Sticker Price

$75,330
Costs for University of Miami
Fee Cost
Tuition$53,112
Books and Supplies$1,000
Other Fees$1,648
Room and Board $15,980
Other Expenses Budget$3,590

Annual Tuition & Costs

The annual tuition to attend University of Miami is $53,112. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $15,980. For educational materials, students should allocate approximately $1,000 for books and supplies plus $1,648 for other fees charged by the school. Finally, students should budget $3,590 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend University of Miami on a full-time basis is $75,330 per annum.

All price data is sourced from the 2021/2022 U.S. Department of Education National Center for Education Statistics survey.

Net Price

The average reported annual net price for University of Miami for students receiving grants or scholarship aid was $31,726 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

The net price provides a more realistic estimate of the true cost of attending University of Miami, once common grants and scholarships have been taken into account. It's important to note that this net price can fluctuate based on factors such as family income and individual financial need.

Average Net Price 2019/2020

$31,726
Net Price by Income University of Miami
Family Income Net Price Paid
$0 to $30,000$44,463
$30,001 to $48,000$34,926
$48,001 to $75,000$38,999
$75,001 to $110,000$44,278
$110,000+$53,640
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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 $37,452 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 26% of students received Federal Student Loans averaging $3,544 and 6% of undergrads took out private student loans averaging $25,041.

Finanical Aid University of Miami
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $37,452 70%
Institutional Grants and Scholarships $35,163 62%
Pell Grants $4,795 14%
Other Federal Grants $2,031 18%
State and Local Grants $9,683 27%
Federal Student Loans $3,544 26%
Other Student Loans $25,041 6%

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 $1,172 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 4.99%.

Example Loan $110,544
Stafford Loan Interest Rate 4.99%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,171.95
Total Interest Paid $30,090.04
Sum of All Loan Payments $140,634.04

Projected 4 Year Degree Price

4 Year Sticker Price

$301,320
Year All Residents
1 $75,330
2 $77,812
3 $80,376
4 $83,024

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 $301,320 - assuming graduation in normal time. The estimation assumes a 3.3% 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 University of Miami
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $2,213 $6,639 $8,852

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

Costs for Similar Colleges 

Explore costs at colleges similar to Miami

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