by our College Data Analytics TeamMany students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at University of Miami can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial assistance solutions will U Miami deliver, and just what are you going to be eligible for? Read on for answers. Scroll down to learn just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from University of Miami.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at University of Miami, 81% of the incoming full-time class was awarded financial aid (about 1894 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $40,992 |
| Institutional grants & scholarships | 76% | $38,185 |
| Federal Pell grants | 14% | $5,874 |
| State/local grants | 22% | $9,448 |
| Federal student loans | 25% | $4,341 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at U Miami, about 69% of the undergraduate population received grant aid that averaged $38,555 (across approximately 8920 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 69% | $38,555 |
| Federal Pell grants | 15% | $5,643 |
| Federal student loans | 27% | $6,245 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $48,834.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,864 |
| $30,001 – $75,000 | $20,055 |
| Over $75,000 | $43,530 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $37,244 |
| Off-campus title-IV students | $36,803 |
For a customized cost estimate, visit U Miami’s official net price calculator: npc.collegeboard.org/app/miami.
A typical borrower at U Miami leaves with $15,250 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,250 |
| Median federal debt (graduates only) | $17,500 |
| Typical 10-year monthly payment (graduates) | $185.53/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at U Miami.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,331 |
| 25th percentile | $8,500 |
| 75th percentile | $26,000 |
| 90th percentile (highest-debt students) | $31,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $15,500 |
| Middle income | $16,464 |
| High income | $14,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,500 |
| Continuing-generation students | $15,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $16,500 |
A handful of calculated indicators summarize the debt outlook at U Miami.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at U Miami:
| Metric | Value |
|---|---|
| Stafford loan recipients | 44726 |
| Total Stafford loan amount | $1,635,893,716 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 291 |
| Total GI Bill amount | $8,676,856 |
| Average GI Bill amount per recipient | $29,817 |
References
More about our data sources and methodologies.