Annual Costs

Undergraduate Tuition

Tuition for University of Miami is $48,720 for the 2018/2019 academic year. This is 71% more expensive than the national average private non-profit four year college tuition of $28,471. The cost is 234% more expensive than the average Florida tuition of $14,570 for 4 year colleges. Tuition ranks 101st in Florida amongst 4 year colleges for affordability and is the 2nd most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional fees of $1,506 in addition to tuition bringing the total effective in-state tuition to $50,226.

Housing Costs

On campus room and board is provided by the school at a cost of $14,108 per academic year. Students electing to live off campus elsewhere in Coral Gables should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,000.

Other Living Expenses

If living on-campus, students should budget for $3,126 in additional living expenses. Off-campus students should budget for $3,126 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Miami was $68,460 for the 2018/2019 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 2018-2019 and 2017-2018 IPEDS survey response for University of Miami and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for University of Miami
Estimated Budgets
Florida Resident Total Budget $68,460
   In-State Tuition$48,720
   Other Fees$1,506
   Room and Board$14,108
   On-Campus Other Budget$3,126
   Books and Supplies$1,000
Non-Resident Total Budget $68,460
   Out-of-State Tuition$48,720
   Other Fees$1,506
   Room and Board$14,108
   On-Campus Other Budget$3,126
   Books and Supplies$1,000


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 $68,460 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 Miami net price for in-state students is $42,204* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

73% of University of Miami students received grant aid in 2014/2015. The average total aid amount was $20,647. 13 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 $4,480. To apply for a Pell Grant to attend University of Miami, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for University of Miami
Financial Aid Summary
Average Annual Net Price$42,204*
Percent of Students Receiving Grant Aid73%
Average Total Grant Aid$20,647
Percent of Students Receiving Pell Grants13%
Average Amount of Pell Grant Aid$4,480

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$22,641
$30,001 to $48,000$15,596
$48,001 to $75,000$19,779
$75,001 to $110,000$25,551

Average Financial Aid Mix - $68,460 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $68,460. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.


Grants and Scholarships

 32% - $20,647

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

Federal Loans

 7% - $4,271

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

Out of Pocket

 62% -  $40,416

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.

Is it Worth the Cost?

To make a comparative assessment if Miami is worth the price, measures of it's relative value for tuition dollar can be examined. We've calculated an academic national percentile rating of 92/100 for University of Miami. Considering an average net price paid of $27,636, this leads to an overall value ranking of 54/100. This places the school 192nd on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

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 University of Miami.

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 Miami is $273,840 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 $27,636 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $110,544**

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 $342,300 or $138,180 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

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at University of Miami.

Florida Resident Tuition Per Semester$24,360
Florida Resident Total Cost Per Semester$34,230

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 University of Miami 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 University of Miami
Price per credit hour$2,030
Cost for one class (3 credit hours)$6,090
Cost for one class (4 credit hours)$8,120


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. 30% of University of Miami students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $4,271. The reported average student debt upon graduation is $27,827.

Example Loan Payments and Costs

How much are student loan payments for University of Miami? 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 $110,544, 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 $137,159.75. This could be your effective total out of pocket cost of an education at University of Miami. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 73% of students at this school who receive financial aid and you are paying an average annual net price of $27,636. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our University of Miami 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.

University of Miami Student Loan Payments
Example Payments
Monthly Loan Payment$1,143.00
Amount Borrowed$110,544.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$26,615.75
Sum of All Payments over 10 years$137,159.75

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Miami? 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 University of Miami, 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 $137,159.75 would be needed to afford a $1,143.00 monthly payment in the example $110,544.00 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 University of Miami in the future? In the past four years, this school's published in-state tuition and fee total rose from $39,980 to $48,720. This amounts to an average annual price increase of 4.4%. 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 $273,840.00. 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 University of Miami.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2025$94,148$376,594
Estimated Cost in 10 years for students enrolling in 2030$120,160$480,640
Estimated Cost in 15 years for students enrolling in 2035 $153,358$613,432
Estimated Cost in 18 years for students enrolling in 2038 $177,531$710,124

Tuition History

What was tuition at Miami 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

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at University of Miami 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
Registered Nursing/Registered Nurse Bachelor's Degree 161 91% costlier
Psychology, General Bachelor's Degree 88 69% costlier
Public Relations/Image Management Bachelor's Degree 68 73% costlier
Architecture Bachelor's Degree 66 44% costlier
Neuroscience Bachelor's Degree 56 19% costlier
Political Science and Government, General Bachelor's Degree 53 65% costlier
Advertising Bachelor's Degree 50 76% costlier
Exercise Physiology Bachelor's Degree 43 61% costlier
International Relations and Affairs Bachelor's Degree 40 46% costlier
General Studies Bachelor's Degree 37 102% costlier
Economics, General Bachelor's Degree 35 53% costlier
Marine Biology and Biological Oceanography Bachelor's Degree 33 65% costlier
Journalism Bachelor's Degree 33 77% costlier
History, General Bachelor's Degree 30 67% costlier
Health Professions Bachelor's Degree 29 80% costlier
Sport and Fitness Administration/Management Bachelor's Degree 28 82% costlier
Music, Other Bachelor's Degree 26 56% costlier
Elementary Education and Teaching Bachelor's Degree 25 93% costlier
Business Administration and Management, General Bachelor's Degree 24 98% costlier
English Language and Literature, General Bachelor's Degree 22 70% costlier
Industrial Engineering Bachelor's Degree 21 70% costlier
Mechanical Engineering Bachelor's Degree 21 61% costlier
Music, General Bachelor's Degree 20 66% costlier
Finance, General Bachelor's Degree 19 84% costlier
Mass Communication/Media Studies Bachelor's Degree 18 80% costlier
Business/Managerial Economics Bachelor's Degree 17 71% costlier
Electrical and Electronics Engineering Bachelor's Degree 17 62% costlier
Marketing/Marketing Management, General Bachelor's Degree 17 88% costlier
Jazz/Jazz Studies Bachelor's Degree 16 47% costlier
Civil Engineering, General Bachelor's Degree 16 61% costlier
Legal Professions Bachelor's Degree 16 70% costlier
Architectural Engineering Bachelor's Degree 15 61% costlier
Philosophy Bachelor's Degree 15 52% costlier
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 14 61% costlier
Creative Writing Bachelor's Degree 13 49% costlier
Digital Communication and Media/Multimedia Bachelor's Degree 12 59% costlier
Criminology Bachelor's Degree 12 69% costlier
Geography Bachelor's Degree 11 85% costlier
Music Performance, General Bachelor's Degree 10 72% costlier
Music Teacher Education Bachelor's Degree 10 80% costlier
Aerospace, Aeronautical and Astronautical/Space Engineering Bachelor's Degree 10 50% costlier
Computer Engineering, General Bachelor's Degree 9 62% costlier
Speech Communication and Rhetoric Bachelor's Degree 9 72% costlier
Acting Bachelor's Degree 8 55% costlier
Anthropology Bachelor's Degree 8 52% costlier
Biology/Biological Sciences, General Bachelor's Degree 7 69% costlier
Natural Resources Management and Policy Bachelor's Degree 6 78% costlier
Religion/Religious Studies Bachelor's Degree 6 44% costlier
Photojournalism Bachelor's Degree 6 75% costlier
Sociology Bachelor's Degree 6 66% costlier
Voice and Opera Bachelor's Degree 6 55% costlier
French Language and Literature Bachelor's Degree 6 48% costlier
Atmospheric Sciences and Meteorology, General Bachelor's Degree 5 70% costlier
Art History, Criticism and Conservation Bachelor's Degree 5 39% costlier
Biochemistry Bachelor's Degree 5 47% costlier
Secondary Education and Teaching Bachelor's Degree 5 87% costlier
Computer Science Bachelor's Degree 4 63% costlier
Music Therapy/Therapist Bachelor's Degree 4 62% costlier
Radio and Television Bachelor's Degree 4 78% costlier
Graphic Design Bachelor's Degree 4 70% costlier
Spanish Language and Literature Bachelor's Degree 4 59% costlier
Athletic Training/Trainer Bachelor's Degree 4 82% costlier
Physics, General Bachelor's Degree 4 56% costlier
Latin American Studies Bachelor's Degree 4 29% costlier
Community Psychology Bachelor's Degree 4 74% costlier
Entrepreneurship/Entrepreneurial Studies Bachelor's Degree 4 71% costlier
American/United States Studies/Civilization Bachelor's Degree 3 32% costlier
Chemistry, General Bachelor's Degree 3 64% costlier
Women's Studies Bachelor's Degree 3 44% costlier
Accounting Bachelor's Degree 3 84% costlier
Fine/Studio Arts, General Bachelor's Degree 3 59% costlier
Geology/Earth Science, General Bachelor's Degree 2 65% costlier
Human Resources Management/Personnel Administration, General Bachelor's Degree 2 96% costlier
Geological and Earth Sciences/Geosciences, Other Bachelor's Degree 2 47% costlier
Art/Art Studies, General Bachelor's Degree 2 75% costlier
Mathematics, General Bachelor's Degree 2 67% costlier
Theatre/Theatre Arts Management Bachelor's Degree 2 47% costlier
Technical Theatre/Theatre Design and Technology Bachelor's Degree 2 59% costlier
Computer Graphics Bachelor's Degree 2 92% costlier
Dramatic/Theatre Arts and Stagecraft, Other Bachelor's Degree 2 71% costlier
Mathematical Statistics and Probability Bachelor's Degree 1 4% costlier
Classics and Classical Languages, Literatures, and Linguistics Bachelor's Degree 1 29% costlier
Broadcast Journalism Bachelor's Degree 1 78% costlier
Microbiology and Immunology Bachelor's Degree 1 25% costlier
Chemistry, Other Bachelor's Degree 1 63% costlier
Family and Community Services Bachelor's Degree 1 129% costlier
Cinematography and Film/Video Production Bachelor's Degree 1 61% costlier
Management Science Bachelor's Degree 1 65% costlier
Environmental/Environmental Health Engineering Bachelor's Degree 1 44% costlier
Keyboard Instruments Bachelor's Degree 1 54% costlier
African-American/Black Studies Bachelor's Degree 1 45% costlier
Real Estate Bachelor's Degree 1 64% costlier
Information Science/Studies Bachelor's Degree 1 75% costlier
Applied Mathematics, General Bachelor's Degree 1 52% costlier
Oceanography, Chemical and Physical Bachelor's Degree 1 97% costlier
Ancient Studies/Civilization Bachelor's Degree 1 21% costlier
Latin Language and Literature Bachelor's Degree 1 31% costlier
International Business/Trade/Commerce Bachelor's Degree 1 66% costlier
Music Theory and Composition Bachelor's Degree 1 47% costlier
Photography Bachelor's Degree 1 53% costlier
Jewish/Judaic Studies Bachelor's Degree 1 38% costlier
Mathematics, Other Bachelor's Degree 1 42% costlier
Bioengineering and Biomedical Engineering Bachelor's Degree 1 34% costlier
Meteorology Bachelor's Degree 1 80% costlier
Ceramic Arts and Ceramics Bachelor's Degree 1 46% costlier


Use the calculators below to formulate a college savings plan for University of Miami 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 University of Miami 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 University of Miami student loan.

Prepayment Option

About University of Miami

University of Miami is a four year private college located in Coral Gables, Florida.  Full time enrollment is 15,904 and part time is 1,427. Learn more about getting accepted at University of Miami at CollegeSimply.

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

University of Miami
University of Miami
Coral Gables, Florida

For Profit / Not For Profit Status

University of Miami is a private not for profit institution.

University of Miami cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=135726 IPEDS survey data.