Undergraduate Net Price Unknown
We wanted to talk about the net price for all undergraduates (not just freshmen) but that information was not available for AI Miami International University of Art and Design.
Breakdown of College Costs for Freshmen
Grant and scholarship aid was given to 91% of freshman students. The average amount awarded was $5,480. When subtracted from the total cost to attend International Fine Arts College and live on campus, the average annual net price for freshmen receiving aid was $26,434.
AI Miami International University of Art and Design Sticker Price Vs. Net Price
Full Sticker Price
This is what they advertise that you will pay in this senario.
Aid (Grants and Scholarships)
Money given to you to offset the cost of college.
Expected Net Price
This is what you can expect to pay (or pay back).
Money you borrow to cover the cost of college. You will have to repay this eventually.
Out of Pocket
Money you need to come up with each year to attend college.
The following table explores the likelihood that you too will receive some common price-reducing aid, based on percentages.
|Net Price by Aid Group||On Campus||Off Campus||At Home|
|446 Total Freshmen|
|42 (9%) did not receive any grants or scholarships.||$31,914||$30,861||$24,564|
|404 (91%) split a total of $2,213,920 for an average of $5,480 each||$26,434||$25,381||$19,084|
The above refers to grants and scholarships from the college and/or the state, federal or local governments. Other sources of grant aid such as private scholarships are not included.
Averages Are Nice, But Actual Price Will Vary Depending on Circumstance
Family income can have a large impact on the amount of aid you receive, and thus, your net price.
The table below shows the average net price freshmen paid based on income level. Note that if the school offers in-state tuition, the lower in-state tuition has been used in the calculation.
|Net Price by Family Income Level||Net Price|
The above table only includes the calculated net price for students that received some form of Title IV aid.
Overall Cost for Freshmen Receiving Aid is Decreasing
Over a period of four years the average net price paid by all freshmen at AI Miami International University of Art and Design has decreased by an average of 1.5% per year. This means that while total costs have remained about the same, the average aid given to freshmen has increased over this time period.
This School Gives Out a Lot of Financial Aid, but Prices are Still Above Average
An overall average net price of $26,434 puts AI Miami International University of Art and Design above the national average of $21,700.