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Annual Costs

Undergraduate Tuition

Tuition for AI Miami International University of Art and Design is $17,604 for the 2017/2018 academic year. This is 22% more expensive than the national average private for-profit four year college tuition of $14,395. The cost is 23% more expensive than the average Florida tuition of $14,261 for 4 year colleges. Tuition ranks 74th in Florida amongst 4 year colleges for affordability and is the 29th most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional fees of $94 in addition to tuition bringing the total effective in-state tuition to $17,698.

Housing Costs

On campus room and board is provided by the school at a cost of $10,704 per academic year. Students electing to live off campus elsewhere in Miami should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,500.

Other Living Expenses

If living on-campus, students should budget for $5,612 in additional living expenses. Off-campus students should budget for $5,612 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to AI Miami International University of Art and Design was $35,514 for the 2017/2018 academic year. The cost is the same for all students regardless of Florida residence status as there is no in-state discount.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for AI Miami International University of Art and Design and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for AI Miami International University of Art and Design
Estimated Budgets
Florida Resident Total Budget $35,514
   In-State Tuition$17,604
   Other Fees$94
   Room and Board$10,704
   On-Campus Other Budget$5,612
   Books and Supplies$1,500
Non-Resident Total Budget $35,514
   Out-of-State Tuition$17,604
   Other Fees$94
   Room and Board$10,704
   On-Campus Other Budget$5,612
   Books and Supplies$1,500

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What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $35,514 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported AI Miami International University of Art and Design net price for in-state students is $24,527* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

91% of AI Miami International University of Art and Design students received grant aid in 2014/2015. The average total aid amount was $5,480. 64 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,096. To apply for a Pell Grant to attend AI Miami International University of Art and Design, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for AI Miami International University of Art and Design
Financial Aid Summary
Average Annual Net Price$24,527*
Percent of Students Receiving Grant Aid91%
Average Total Grant Aid$5,480
Percent of Students Receiving Pell Grants64%
Average Amount of Pell Grant Aid$4,096

Average Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$22,942
$30,001 to $48,000$24,129
$48,001 to $75,000$26,678
$75,001 to $110,000$27,326
$110,000+$27,923

Average Financial Aid Mix - $35,514 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $35,514. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

18%
27%
55%

Grants and Scholarships

 18% - $5,480

Money granted to you by the U.S. Department of Education, AI Miami International University of Art and Design or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 27% - $7,955

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 55% -  $16,467

Covered by family savings, work or private student loans which you will have to repay.


*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. AI Miami International University of Art and Design
Brown Mackie College Miami20% less expensive
Florida National University28.4% less expensive
Florida Career College Miami2.2% more expensive
Millennia Atlantic University39.9% less expensive
Acupuncture and Massage College44% less expensive

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at AI Miami International University of Art and Design.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at AI Miami International University of Art and Design is $142,056 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $27,242 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $108,968**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $177,570 or $136,210 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at AI Miami International University of Art and Design are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at AI Miami International University of Art and Design
Price per credit hour$489
Cost for one class (3 credit hours)$1,467
Cost for one class (4 credit hours)$1,956

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Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 76% of AI Miami International University of Art and Design students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $7,955.

Example Loan Payments and Costs

How much are student loan payments for AI Miami International University of Art and Design? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $108,968, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $135,204.30. This could be your effective total out of pocket cost of an education at AI Miami International University of Art and Design. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 91% of students at this school who receive financial aid and you are paying an average annual net price of $27,242. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our AI Miami International University of Art and Design student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

AI Miami International University of Art and Design Student Loan Payments
Example Payments
Monthly Loan Payment$1,126.70
Amount Borrowed$108,968.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$26,236.30
Sum of All Payments over 10 years$135,204.30

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend AI Miami International University of Art and Design? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending AI Miami International University of Art and Design, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $135,204.30 would be needed to afford a $1,126.70 monthly payment in the example $108,968.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to AI Miami International University of Art and Design in the future? Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 4 year cost of $142,056.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for AI Miami International University of Art and Design.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$48,840$195,360
Estimated Cost in 10 years for students enrolling in 2029$62,334$249,335
Estimated Cost in 15 years for students enrolling in 2034 $79,555$318,221
Estimated Cost in 18 years for students enrolling in 2037 $92,095$368,381

Tuition History

What was tuition at AI Miami International University of Art and Design five, ten, fifteen or twenty years ago? Hop into our time machine and take a look. Pay attention to how aggressive the school has been with price increases in the past as it provides indication as to how the school may raise tuition in the next few years. Historical tuition and fees for all available data years back to 1987 follows.

YearTuitionAnnual Increase
2012$17,6040%
2011$17,604-42.4%
2010$30,5504.7%
2009$29,1844.1%
2008$28,03210.9%
2007$25,2802.6%
2006$24,6405.5%
2005$23,3605.5%
2004$22,15244.2%
2003$15,36520%
2002$12,8000%
2001$12,8000%
2000$12,800-5.2%
1999$13,5000%
1998$13,5000%
1997$13,50013.1%
1996$11,9400%
1995$11,94038.4%
1994$8,6305%
1993$8,2200%
1992$8,2208.2%
1991$7,5954.9%
1990$7,240

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at AI Miami International University of Art and Design to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Interior Design Bachelor's Degree 72 8% cheaper
Culinary Arts/Chef Training Associate's Degree 68 74% costlier
Animation, Interactive Technology, Video Graphics and Special Effects Bachelor's Degree 57 13% cheaper
Cinematography and Film/Video Production Bachelor's Degree 47 17% cheaper
Fashion Merchandising Associate's Degree 42 25% costlier
Restaurant, Culinary, and Catering Management/Manager Bachelor's Degree 34 18% costlier
Fashion/Apparel Design Associate's Degree 31 38% costlier
Advertising Bachelor's Degree 29 9% cheaper
Computer Graphics Bachelor's Degree 23 0% cheaper
Design and Visual Communications, General Bachelor's Degree 20 10% cheaper
Game and Interactive Media Design Bachelor's Degree 16 7% cheaper
Graphic Design Associate's Degree 12 59% costlier
Baking and Pastry Arts/Baker/Pastry Chef Associate's Degree 11 45% costlier
Recording Arts Technology/Technician Bachelor's Degree 6 19% cheaper
Commercial Photography Bachelor's Degree 5 19% costlier
Apparel and Accessories Marketing Operations Bachelor's Degree 2 7% cheaper
Web Page, Digital/Multimedia and Information Resources Design Associate's Degree 1 77% costlier

Calculators

Use the calculators below to formulate a college savings plan for AI Miami International University of Art and Design or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford AI Miami International University of Art and Design in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a AI Miami International University of Art and Design student loan.

Prepayment Option

About AI Miami International University of Art and Design

AI Miami International University of Art and Design is a four year private college located in Miami, Florida.  Full time enrollment is 1,490 and part time is 434. Learn more about getting accepted at AI Miami International University of Art and Design at CollegeSimply.

Students attending this school may pursue both undergraduate and graduate degrees.

Address
AI Miami International University of Art and Design
1501 Biscayne Boulevard
Miami, Florida
33132-1418

For Profit / Not For Profit Status

AI Miami International University of Art and Design is a private, for profit school.

AI Miami International University of Art and Design cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=134811 IPEDS survey data.