University of Miami Tuition: Scholarships, Acceptance Rate & Cost of Living

The University of Miami is an educational institution with a vibrant and diverse community of scholars pursuing expertise in various subject areas.

Apart from being the home to some of the best higher institutions of learning in the world, its education system is second to none, tried and proven, and has also graduated notable individuals in the country and worldwide. The University of Miami is one University, given superior, technologically advanced, and offers research-based courses.

We have, in this article, carefully prepared details about the school, its ranking, residence, acceptance rate, sports team, tuition fee, financial aid, housing cost, and notable alumni.

About the University of Miami

The University of Miami is a private university that was founded in 1925. It has a total undergraduate enrollment of about 10,832. Its setting is suburban, with a campus size of about 239 acres. The University of Miami utilizes a semester-based academic calendar. The University of Miami’s ranking in the 2023 edition of Best Colleges is National Universities, 53. Its tuition and fees are $50,226 (2023-24).

Located in Southern Florida, the University of Miami has an ideal location for students who love the outdoors. With famous spots like South Beach, the Florida Keys, and Everglades National Park nearby, students will have plenty of water sports, hiking, and sunbathing opportunities. Downtown Miami, also near the school, is a thriving sports and cultural center.

Over 2,500 students are involved in nearly 30 fraternities and sororities on campus. Students can also choose from more than 290 clubs and organizations to join.

University of Miami Residence

Freshmen in the school are required to live on campus and can also live in one of the school’s five residential colleges. Imitating the housing setup at England’s Oxford and Cambridge universities, the different communities combine living and learning with communal meals, poetry readings, sports, and other activities. Freshmen who do not live in university housing are paired with an on-campus representative through the Commuter Assistant Program to help ease the transition into college.

University of Miami Hurricanes

The University of Miami Division I sports teams are known as the Hurricanes and compete in the Coastal Division of the Atlantic Coast Conference. The school’s mascot is Sebastian the Ibis, a marsh bird known for weathering tropical storms.

The University of Miami is well known as a research institution, and research opportunities begin at the undergraduate level. Annual campus events at the University include the Canes Film Festival, which showcases student-produced movies, and Sportsfest, a weekend of competition between residence hall teams.

Undergraduates are also known for upholding good school spirit with traditions like the Boat Burning Ceremony held on Lake Osceola during homecoming. Notable alumni of the University include actor Sylvester Stallone and entertainer Gloria Estefan.

University of Miami Tuition

Tuition for the University of Miami is $50,011 for the 2023 academic year. This is 69% more expensive than the national average private non-profit four-year college tuition of $27,755. The cost is 230% more expensive than the average Florida tuition of $14,261 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 $1,444, bringing the total practical in-state tuition to $50,011.

University of Miami Housing Costs

The school provides on-campus room and board for $13,666 per academic year. Students who want 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

Students should budget $3,124 in additional living expenses if living on-campus. Off-campus students should budget for $3,124 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget for the University of Miami was $66,274 for the 2023/2024 academic year. The estimated cost is the same for all students regardless of Florida residence status, as there is no in-state discount.

University of Miami Financial Aid and Debt

Financial Aid Breakdown for Full-time Incoming Freshman

Aid Type% ReceivingAverage Amount
Grant or scholarship aid79%$23,168
Federal Grants12%$6,005
Pell grants12%$4,617
Other federal grants9%$2,019
State/local government grants or scholarships27%$4,972
Institutional grants or scholarships74%$21,709
Student loan aid28%$8,552
Federal student loans27%$11,535
Other student loans4%$20,838

University of Miami Rankings

In the 2019 issue of U.S. News and World Report’s “America’s Best Colleges,” the University of Miami is ranked 53rd among national universities. U.S. News’s 2018 ranking of U.S. medical schools ranked the Leonard M. Miller School of Medicine as the 50th best medical school for research in the nation, while United States News ranked the School of Law as the 65th best law school in the country.

In 2018, U.S. News and World Report ranked the University of Miami Physical Therapy Department 10th nationwide and the Department of Psychology’s Clinical Training Program 25th.

The National Science Foundation ranks the University of Miami 89th out of 431 research institutions in the number of granted doctorate degrees in its FY 2016 survey. It was ranked 62nd out of 902 institutions in total research and development expenditures in 2016.

The Academic Ranking of World Universities rates the University of Miami as one of the world’s top 150 academic institutions. In Forbes magazine’s 2010 rankings of 600 undergraduate institutions, UM ranked 293rd. In 2012, Forbes placed the University of Miami at 132 overall rankings and ranked it among the 115 top private universities and the top 53 research universities in the nation.

In the 2009 edition of Best 371 Colleges, The Princeton Review ranks the University of Miami as one of the 141 “Best Southeastern Colleges.” It ranks first in the nation in its “Lots of Race/Class Interaction” category.

University of Miami Acceptance Rate

The acceptance rate of the University of Miami is 38%. It also has a graduation rate of 81%

University of Miami Notable Alumni

Some of the notable alumni of the University of Miami include;

  • Hollywood Actors: Dwayne “The Rock” Johnson and Sylvester Stallone
  • Music entertainers: Gloria Estefan and Enrique Iglesias
  • International Businessman and President of Virgin Atlantic, Brandon Richardson

Others are

  • Ernie Sabella
  • Steve-O
  • Mark Egan
  • Ben Folds
  • Eric J. Barron
  • Bob Clark
  • Jay W. Jensen

University of Miami Scholarships

There are a lot of scholarships at the University of Miami for students to pursue. Some of these scholarships include:

Freshman Merit Scholarships

Incoming fall first-year students are automatically considered for our merit scholarships; no additional application is required.

To be eligible for the President’s Scholarship or the ’Canes Achievement Award, students must submit all Freshman Admission Requirements by November 1 if applying under the Early Decision I (EDI) or Early Action (EA) deadline or January 1 if applying under the Early Decision II (EDII) or Regular Decision (RD) deadline.

George W. Jenkins Scholarship

The George W. Jenkins Scholarship is one of the premier scholarships available to students at the University of Miami. This scholarship is awarded to high school seniors with strong academic credentials, significant financial needs, and a history of overcoming adversity.

Jenkins Scholars receive the total cost of attendance for four years of undergraduate study at UM. The award includes tuition and fees, on-campus housing, a meal plan, University health insurance, and a laptop allowance. Students may also receive a stipend for books, transportation, and personal expenses.

Isaac Bashevis Singer Scholarship

The Isaac Bashevis Singer Scholarship, named after Isaac Bashevis Singer, a Nobel Prize-winning author who was a lecturer at UM, is one of the premier scholarships available to students at the University of Miami. This scholarship is awarded to exceptional and academically accomplished high school seniors.
Singer Scholars receive the total cost of tuition for four years of undergraduate study at UM.

Ronald A. Hammond Scholarship

The Ronald A. Hammond Scholarship, which honors the legacy of the University’s first director of minority affairs, is one of the premier scholarships available to students at the University of Miami. This scholarship is awarded to diverse high school seniors who have demonstrated academic excellence and intend to continue their academic pursuits through graduate education.
Hammond Scholars receive the full cost of tuition for four years of undergraduate study at UM.

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