What Amount of Financial Aid is Offered?
University of Miami's average financial aid plan for incoming first year students is $27,624. Approximately 73.0% of new students obtain some form of financial aid, the majority of which is in the form of scholarships and grants.
A financial aid package contains scholarships, grants, and student loans. However, loans must be paid off, so they aren't a genuine discount.
Student debt should be considered to be an added expense rather than as "aid" or a "discount". Find more about student loan debt at U Miami.
How Much U Miami Aid Will I Get That Won't Put Me in Debt?
The numbers following pertain to assistance that is provided by University of Miami.
58.0% of new students (1,177 total) were awarded scholarships at University of Miami, averaging $21,325 per person. This ranks in the top 20th percentile of all schools in the nation.
274 first year students also received a grant. A total of 13.0% of U Miami first years got grants with an average of $6,538 each recipient.
How are scholarships and grants allocated to freshmen at U Miami? Look at the data below.
Grants are typically based on need while scholarships are based on merit or ability.
Amount of Financial Aid Per Family Income
The below table shows grant and scholarship allocations by income level for freshmen getting any form of federal Title IV assistance, such as Federal PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||15.7%||$22,995|
Education funding from the government by means of loans, grants, and work-study is referred to as Title IV aid. Get more info on Title IV here..
$28,540 is the Average Total an Undergrad Will Get in Grants or Scholarships
7,247 U Miami undergrads get grants (this is about 67.0% of the total student body). The usual amount these students get is $28,540
Financial Aid Links from University of Miami
|Financial Aid Department Website||admissions.miami.edu/undergraduate/financial-aid/index.html|
|Net Price Calculator||public.cgcent.miami.edu/AttendanceCalculator/|