Florida Agricultural and Mechanical University's published cost of attendance is $24,047 per year, including $17,725 in out-of-state tuition ($5,785 for Florida residents), $11,644 for room and board, and $1,138 for books and supplies. However, the average student pays just $15,847 after financial aid, representing $8,200 in aid savings from the sticker price.
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Net prices are averages and may vary. Based on federal data for first-time, full-time students receiving aid.
| Cost Category | Amount |
|---|---|
| Total Cost of Attendance (Sticker Price) | $23,970 |
| Tuition and Fees | $17,725 |
| Room and Board | $12,328 |
| Books and Supplies | $1,138 |
| Average Financial Aid (Grants and Scholarships) | -$10,231 |
| Average Net Price (What Families Pay) | $13,739 |
| Family Income | Net Price |
|---|---|
| $0–30k | $13,299 |
| $30–48k | $10,921 |
| $48–75k | $15,269 |
| $75–110k | $18,325 |
| $110k+ | $20,332 |
Florida Agricultural and Mechanical University's published cost of attendance is $24,047 per year, including $17,725 in out-of-state tuition ($5,785 for Florida residents), $11,644 for room and board, and $1,138 for books and supplies. However, the average student pays just $15,847 after financial aid, representing $8,200 in aid savings from the sticker price. FAMU's net price falls $1,754 below its peer median of $14,093, positioning the university as slightly more expensive than similar historically black public institutions.
The university's financial aid approach creates substantial savings from published prices while maintaining costs at moderate levels. Net prices vary significantly by family income, ranging from $13,203 for families earning under $30,000 to $21,999 for those earning over $110,000. This $8,796 spread between lowest and highest income tiers demonstrates progressive aid targeting that reduces costs most substantially for lower-income families.
How much students borrow and whether debt is manageable given outcomes.
Debt is well below typical first-year earnings — generally considered very manageable.
FAMU graduates accumulate median debt of $23,548, positioning above the peer median of $21,105 by $2,443. Student debt ranges from $9,500 at the 25th percentile to $33,201 at the 75th percentile, reflecting varied borrowing patterns across programs and family circumstances.
The debt level ranks at the 44th percentile nationally, indicating around the national average borrowing levels. With median earnings of $44,349, graduates achieve a debt-to-earnings ratio of 0.53, indicating moderate debt burden relative to income potential.
Parent PLUS loans show median debt of $15,125 with monthly payments of approximately $199, representing additional family borrowing beyond student loans. The debt-to-earnings ratio suggests manageable borrowing levels for most graduates, though individual circumstances vary significantly by program choice and career path.
How cost compares to graduate earnings and value added.
FAMU presents a mixed investment profile with strong access benefits and moderate return characteristics. Graduates earn $1,324 beyond expectations at the 61.1st percentile, indicating above average performance relative to student demographics and institutional characteristics.
Median earnings of $44,349 rank modestly below average at the 24th percentile nationally, though this reflects the university's focus on serving underrepresented populations rather than maximizing earnings outcomes. The debt-to-earnings ratio of 0.53 indicates manageable borrowing levels for most career paths, particularly in health sciences where outcomes exceed institutional averages.
Low-income graduates achieve $41,700 in median earnings, demonstrating moderate mobility outcomes for students from disadvantaged backgrounds. The investment assessment benefits from FAMU's progressive cost structure that reduces expenses most substantially for lower-income families while providing pathways to professional careers in nursing, health sciences, and business management.
FAMU demonstrates strong commitment to access through substantial financial aid provision, with average aid savings of $8,200 reducing costs from the $24,047 sticker price to $15,847 net price. The university serves 55.6% Pell-eligible students, well above national averages and indicating significant enrollment of students from families earning under $50,000 annually.
Financial aid targeting reduces net costs most substantially for lower-income families, with those earning under $30,000 paying just $13,203 annually. The aid structure reflects FAMU's historically black university mission of expanding access while maintaining academic quality.
Progressive pricing across income tiers demonstrates institutional priority on affordability for students most needing financial support. The substantial Pell share indicates that more than half of students benefit from federal grant aid, supplemented by institutional and state aid programs that further reduce costs for qualified Florida residents and out-of-state students meeting aid criteria.
