University of Miami's published cost of attendance reaches $77,708 per year, including $59,926 in tuition, $21,580 for room and board, and $1,328 for books and supplies. However, the average student pays $36,803 after financial aid, representing substantial savings of $40,905 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) | $77,708 |
| Tuition and Fees | $59,926 |
| Room and Board | $21,580 |
| Books and Supplies | $1,328 |
| Average Financial Aid (Grants and Scholarships) | -$40,905 |
| Average Net Price (What Families Pay) | $36,803 |
| Family Income | Net Price |
|---|---|
| $0–30k | $17,790 |
| $30–48k | $19,645 |
| $48–75k | $20,250 |
| $75–110k | $26,355 |
| $110k+ | $48,907 |
University of Miami's published cost of attendance reaches $77,708 per year, including $59,926 in tuition, $21,580 for room and board, and $1,328 for books and supplies. However, the average student pays $36,803 after financial aid, representing substantial savings of $40,905 from the sticker price. This net price ranks modestly above the peer median of $33,531, indicating University of Miami costs approximately $3,272 more annually than similar selective private institutions.
The university's financial aid reduces costs by 53% on average, demonstrating significant institutional investment in affordability despite the premium pricing. Net prices vary dramatically by family income, ranging from $17,790 for families earning under $30,000 to $48,907 for those earning over $110,000. This progressive pricing structure concentrates aid toward lower-income families while maintaining higher costs for those with greater financial capacity.
University of Miami's financial aid reduces the average family's cost by $40,905, representing a 53% discount from the published price. The aid strategy concentrates heavily on lower-income families, with those earning under $30,000 receiving aid packages that reduce costs to $17,790, while families earning over $110,000 pay $48,907.
This progressive approach enables the university to enroll 15.4% Pell-eligible students despite its selective profile and premium pricing. The substantial gap between sticker price and average net cost indicates merit and need-based aid programs designed to support both access and academic quality.
Financial aid targeting reflects the institution's positioning as a selective private university that seeks economic diversity while maintaining revenue from higher-income families. The aid profile demonstrates institutional commitment to enrolling talented students regardless of family income, though the relatively modest Pell share suggests limitations in reaching the lowest-income families despite generous aid for those who enroll.
How much students borrow and whether debt is manageable given outcomes.
Debt is well below typical first-year earnings — generally considered very manageable.
University of Miami graduates carry median debt of $17,500, well below the peer median of $23,168, indicating effective debt management relative to similar institutions. Student debt ranges from $8,500 at the 25th percentile to $26,000 at the 75th percentile, showing moderate variation in borrowing patterns.
The university ranks in the 81st percentile for debt outcomes, reflecting well above average performance in controlling student borrowing. The debt-to-earnings ratio of 0.23 indicates that typical graduates dedicate less than a quarter of their annual income to student debt service, supporting financial sustainability.
Parent PLUS borrowing averages $34,543 with monthly payments of $455, representing additional family investment in the university education. The combination of controlled student debt and strong earnings creates favorable conditions for post-graduation financial stability.
How cost compares to graduate earnings and value added.
University of Miami delivers strong return on educational investment through the combination of excellent earnings outcomes and controlled debt levels. Graduates earn $75,328 ten years after enrollment while carrying median debt of $17,500, creating a favorable 0.23 debt-to-earnings ratio that supports financial sustainability.
The university ranks in the 85th percentile for return on investment, reflecting well above average performance in translating educational costs into career outcomes. While earnings fall $6,253 below expectations relative to student demographics, low-income graduates earn $73,600, ranking in the top 5% nationally and demonstrating exceptional mobility outcomes.
The premium net price of $3,272 above peer institutions reflects the university's selective positioning and South Florida location, but controlled debt levels help justify the investment. Strong absolute earnings of $75,328 place graduates well above national medians, supporting career flexibility and long-term financial security.
