Average Annual Tuition at University of Miami
The latest data we have for University of Miami's annual average net costs are from 2018. These costs and and the average Florida schools include tuition, fees, living expenses, books, and fees minus the average grants and scholarships for federal financial aid recipients.
|In-state Tuition||Out-of-state Tuition||Median Debt||Avgerate Net Cost|
|University of Miami||$50,226||$50,226||$17,125||$30,841|
As you can see, annual costs at University of Miami have risen over the last few years, and are projected to continue to skyrocket based on our analysis.
Actual Costs Projected Costs
Colleges and universities across the United States experienced cost (tuition + living) increases of 2.5% in 2019. This most recent inflation figure was down slightly from the 2.9 percent in 2018 and 3.4 percent in 2017, but still underscores the rising costs of sending your children to higher education.
These rising costs are hitting closer to home in Florida as well. Florida's' higher education costs rose by 59.9% in just the last 10 years, ranking as the 8th highest state.
University of Miami Financial Assistance
27% of students enrolled at University of Miami receive some form of Federal loan assistance. You can view University of Miami's student aid calculator here.
Use a 529 Plan to Offset Rising Education Costs
One of the most sound investments you can make to help pay for your child's higher education is by using a 529 plan. These funds grow in a tax-free environment, and generally have a 3-5% rate of return. The only catch is that all funds need to be used for higher education, and if not... there are monetary penalties imposed when withdrawn for other uses.
Florida offers a prepaid tuition plan and a 529 savings plan, both which have Florida residency requirements. The Stanley G. Tate Florida Prepaid College Plan is the largest prepaid plan in the nation. It is unique among contract-type prepaid programs in offering a dormitory option in addition to its various tuition and fees packages. The Florida 529 Savings Plan is a board-managed 529 college savings program that hires outside investment managers to separately manage the program’s portfolios.
|State Plan Name:||Florida 529 Savings Plan|
|Maximum Contribution:||up to $418,000 across account per beneficiary.|
|Fees:||There’s an asset management/administration fee of up to 0.75% (annualized) of the account balance, depending on your elections.|
Florida School Statistics
We've analyzed all other higher education schools in FL, and wrapped it up nicely into a report for you. View our FL analysis report.
There are 95 other accredited private schools located in the state of Florida. You can view all FL schools here.