The University of Miami reported a 4.4% tuition hike for the 2022-23 school year, based on the latest available figures, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, not-for-profit university paid $57,194 for the year, marking a $2,434 increase from the $54,760 charged in the 2021-22 academic year.
Florida residents make up approximately 23% of the undergraduate student body, while about 68% come from other U.S. states and 8% are international students.
Data indicates that 81% of full-time undergraduates who began studies at the University of Miami in 2022-23 received some form of financial aid. A total of 1,834 students were awarded grants or scholarships amounting to $67.3 million, and 736 students obtained student loans exceeding $7.8 million.
Across all undergraduates, 8,509 students benefited from grants or scholarships totaling $320.8 million. Additionally, 3,329 students borrowed $19.9 million in federal student loans.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the the University of Miami in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 311 | 13% | $2.4 million | $7,598 |
| State / local grant or scholarship | 473 | 20% | $3.9 million | $8,343 |
| Institutional grants or scholarships | 1,780 | 75% | $61 million | $34,289 |
| Grant or scholarship aid total | 1,834 | 77% | $67.3 million | $36,720 |
| Federal student loans | 692 | 29% | $2.9 million | $4,212 |
| Other student loans | 163 | 7% | $4.9 million | $29,813 |
| Student loan aid | 736 | 31% | $7.8 million | $10,563 |
| Total student aid | 1,909 | 81% | $75.1 million | $39,349 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
