Cost & financial aid brief
University of Miami Tuition, Costs & Financial Aid
How much does University of Miami cost after financial aid?
Aid covers about 57% of the published cost for the average aid recipient, a reduction of $48,834 from the sticker price. The pattern across income bands is steep.
The lowest band averages $15,978, while the highest averages $50,352. The middle bands are $17,941, $21,768, and $27,982.
That structure concentrates aid at the bottom of the income scale, and the average net price is much higher for families at the top. The spread between the lowest and highest bands is $34,374, a difference of averages rather than what any family pays.
University of Miami publishes a cost of attendance of $86,078, an average across living arrangements. Tuition and fees are $62,616 and room and board are $23,790.
For families earning under $30,000, the average net price—what aid recipients pay after grants and scholarships—is $15,978. For the $48,001–$75,000 band it is $21,768, and for families earning over $110,000 it is $50,352.
The spread between the lowest and highest bands is $34,374, a wide gap that reflects the university's high sticker price and the substantial aid directed toward lower-income families. Azimuth ranks the university #1,244 for affordability among nonprofit four-year institutions.
Aid covers about 57% of the published cost for the average aid recipient, a savings of $48,834 against the sticker price. The average net price across all aid recipients is $37,244, which sits above the peer median of $36,211 for comparable institutions (same type and size) by $1,033.
While the university's aid program substantially reduces the published cost, the resulting net price remains higher than what many peers charge, which contributes to the low affordability rank. Among students who borrow, the median federal student debt at completion is $17,500.
That figure is below the peer median of $23,168 for comparable institutions by $5,668, and 84.8% of federal aid recipients take federal loans. For a graduate at the median four-year earnings, that debt corresponds to an estimated payment of $199 a month if repaid over ten years.
Parents who borrow through Parent PLUS carry a separate median of $37,267.
Student loans: what does repayment look like?
The University of Miami keeps federal student debt low relative to its private-university peers, even though most undergraduates borrow. About 84.8% of federal aid recipients take federal loans, and among those who complete a degree the median federal student debt is $17,500.
That median is below the $23,168 median for comparable institutions (same type and size) by $5,668. Parent borrowers, a separate population, carry a median Parent PLUS loan of $37,267.
In its 2024-25 Common Data Set, the university reported that 37% of the bachelor's graduates in the cohort borrowed from any source. The average cumulative amount per borrower was $23,000.
Federal loans were held by 35% of graduates, including an average of $19,500. A smaller group of graduates, 9%, held private loans averaging $55,762.
Graduates of the University of Miami earn about $10,036 more than expects for similar students, placing the university in the 83rd percentile among nonprofit four-year institutions. The median earnings four years after completion reach $85,019, a figure in the 92nd percentile nationally.
Earnings scenarios derived from the university's program mix show a typical outcome of $85,019, with a downside scenario of $46,994 and an upside scenario of $104,693. Borrowers who complete a degree carry a median federal student debt of $17,500, which is below the $23,168 median for comparable institutions (same type and size).
That debt corresponds to an estimated payment of $199 a month if repaid over ten years. The median earnings figure sits above the peer median of $83,615, so the return picture is mixed.
Graduates beat the earnings model but fall short of the peer median, while carrying less federal debt than peers.
Median Parent PLUS borrowing, a separate parent-borrower population, is $37,267. The estimated monthly student payment if repaid over ten years is $199.
Repayment figures are in the Financial GPS card below. Borrowing populations and model assumptions.
Parent loans: what can the family afford?
How Parent PLUS borrowing affects families
- Median Parent PLUS debt
- $37,267
- Estimated parent payment
- $473/mo
| Household income | Share of income above basic expenses | Risk level |
|---|---|---|
| $35,000 | No room | High pressure |
| $50,000 | No room | High pressure |
| $75,000 | 27.9% | High pressure |
| $100,000 | 12.5% | High pressure |
| $150,000 | 6.0% | Caution |
| $200,000 | 3.9% | Safe |
The 10-year payment on the median Parent PLUS balance, as a share of household income above basic expenses ($54,640 a year: 200% of the 2026 federal poverty guideline for a household of three). No room is High pressure. Open the parent tool for your own numbers. Read the assumptions and limits.
Student and parent loans: the monthly payments
Financial GPS
What does repayment look like?
- Institution median student debt
- $17,500
- Institution Parent PLUS debt
- $37,267
Federal loans only; private or institutional loans aren’t included.
- Estimated student payment · monthly
- $199/mo
- Estimated Parent PLUS payment · monthly
- $473/mo
- Modeled student + parent payments
- $672/mo
Payments use school-wide median balances, not a specific major’s.
Student payment as a share of available income
At median graduate earnings of $85,019, with a $23,940 annual allowance for basic expenses:
3.9% of income above the allowance · Excellent
- Excellent Under 8% · selected scenario
- Good 8–under 12%
- Concerning 12–20%
- High risk Over 20%
How this estimate works
These are modeled earnings scenarios, not observed earnings percentiles. Annual student payments ÷ (earnings − basic-expense allowance). The starting allowance, $23,940, uses the published framework’s 2026 baseline; it is not a current local living-cost estimate. Change it for your budget, including taxes and other obligations. This combines school-level figures for illustration, not a typical individual’s budget or an official school rating. Parent PLUS is separate.
Payment assumptions
Payments are 10-year standard payments on the median balance, before loan fees, used as a yardstick. Rates for newly issued loans may differ, and loans made after July 1, 2026 can repay over a longer term; existing loans keep their original fixed rates.
Data & methodology
Sources and reporting periods: methodology.
Analysis and methodology by Daniel Rogers, founder of College Azimuth.
Explanatory text is AI-assisted drafting checked against those figures; it is not an additional data source.
Figure notes link to sources and limitations. About College Azimuth.
Net price and borrowing. The 2023–24 income-band averages include living costs and cover eligible first-time, full-time aid recipients; public-school figures reflect in-state tuition. They are not individual aid offers. Peer matching supplies overall net prices, not matched income-band averages. College Scorecard data and documentation.
A personal student-risk assessment also needs your major and borrowing plan; these school-level illustrations do not assign you a personal risk zone.
Payments are 10-year standard payments on the median balance, before loan fees, used as a yardstick. Rates for newly issued loans may differ, and loans made after July 1, 2026 can repay over a longer term; existing loans keep their original fixed rates. Private-loan figures from the Common Data Set are separate from these federal repayment illustrations.