University of Miami
Net Price Calculator

The estimates shall not be binding on the Secretary of Education, the University of Miami, or the State. Students must complete the Free Application for Federal Student Aid (FAFSA) in order to be eligible for, and receive, an actual financial aid award that includes Federal grant, loan, or work-study assistance, State of Florida grants and scholarships, and University of Miami need-based grants. For more information on applying for Federal student aid, go to http://www.fafsa.gov.



By clicking below, I acknowledge that the estimate provided using this calculator does not represent a final determination, or actual award, of financial assistance, or a final net price; it is an estimate based on price of attendance and financial aid provided to students in the 2009-2010 year. The price of attendance and financial aid availability change year to year.


Other Sources of Aid
This calculator generates results for grants and scholarships, resources a student does not repay. Not all students receive these resources. In 2009-2010, 53% of UM’s full-time undergraduates enrolling in college for the first time received grant/scholarship aid. Other sources of funds are available to help students with the price of attendance. Private scholarships, Federal education loans, and Federal work study are not included in the results of this estimator. For more information on applying for financial aid at the University of Miami, including federal student aid, go to http://www.miami.edu/ofas.

Limits of the Calculator’s Applicability to Certain Student Groups
This calculator is designed for use by entering first-time freshmen who are dependent students and who are U.S. citizens or have Permanent Resident status. There are several groups of students for whom this calculator is not appropriate:

· Independent New Freshmen: There are insufficient numbers of independent new freshmen to develop a calculator that yields reliable results.

· Student Athletes: This calculator cannot estimate a student’s potential eligibility for Athletic Scholarships. However, Athletes should consider using this estimator for scenarios where Athletic Scholarships are not awarded (e.g.; “Walk-On” athletes).

· University of Miami Faculty, Staff, or their Dependents: This calculator cannot estimate potential eligibility for University Tuition Remission benefits.

· International Students

· Bachelor of General Studies Students

· Part-Time Students
· Transfer Students
· Graduate Students

Price of Attendance
· The tuition and fees used in the price of attendance reflect full time enrollment ranging from 12 through 20 credit hours for each semester. The University’s tuition and fee charges are the same regardless of where the student’s actual enrollment falls within this range.

· A student’s living arrangement is a significant factor in the estimated price of attendance used to determine need. The estimated price of attendance for students residing on campus is based on a residence hall room for two students and the 20 meal plan. The estimate for personal expenses includes an allowance for the cost of a laptop computer. The allowances for room and board for students residing with parents, and all students’ estimated book and supply, transportation, and personal expenses are based on the average expense as reported by students on periodic surveys of their actual spending experience.

University and Other Merit Awards
· The University of Miami has a very generous merit award program. These guidelines for scholarships have been developed to help you understand the level of academic achievement displayed by previous scholarship recipients. Please understand that these are general guidelines and meeting them does not guarantee any award. The Scholarship Committee will make the final determination on scholarship awards. Users of this calculator are encouraged to run multiple scenarios, with and without a scholarship, and using different scholarship levels.

· Florida Bright Futures Scholarship (Florida Academic, Florida Medallion, and Florida Gold Seal) eligibility criteria can and often do change from year to year based on action by the Florida legislature. Users of this calculator self-identify the Bright Futures Scholarship level and are encouraged to run multiple scenarios using different scholarship levels and different levels for the Florida Bright Futures Scholarship.

Information you will find useful in completing this estimator include:
· Parent and student income and asset information
· Student academic credentials (SAT or ACT score, cumulative high school grade point average, and approximate rank in class)

No personally identifiable data is requested in this calculator, nor are the results saved. Users who wish to compare results of various scenarios should print the results presented for each scenario.