UM Within Reach

For the first time ever, the University of Miami is meeting 100 percent of demonstrated financial need for all federal aid-eligible Florida residents. Thanks to amplified financial aid packages, including low-interest loans, UM is removing the financial barriers and increasing access to a top tier education, right in your home state. 

We believe every student should have the chance to reach their full potential by attending UM, a private, top research university.

So how does it work? We’ll calculate your estimated family contribution based on your FAFSA and CSS Profile and subtract it from the full annual cost of attendance, which includes tuition and other expenses like room and board. If admitted, we’ll make up the difference.

Applicants who are eligible for federal aid and meet the following criteria will automatically have their need-based aid package calculated upon admission:

1. U.S. Citizens and Permanent Residents living in Florida 
2. First-year students applying to UM for Fall 2020 or later
3. Applicants who’ve completed and submitted their FAFSA and CSS Profile by the deadline

The University of Miami has numerous financial aid opportunities to make your prestigious education affordable. If you’ve got passion, we have a path to transform your aspirations and interests into a rewarding career. Depending on your financial situation, you may be eligible for grants, low-interest student loans, work-study programs, scholarships, or a combination of all four. Remember all applicants are considered for merit-based scholarships, regardless of financial need.

• What does UM mean by “within reach”?

  If a student is admitted, UM guarantees a financial aid package that will cover the difference between what students and families can afford and the full annual cost of attendance.

• How is UM making tuition affordable for all federal aid-eligible Florida residents?

  Thanks to extended financial aid packages, students may be offered one or all four types of aid, which include grants, low-interest student loans, work-study programs, and scholarships. 

• How is total financial aid calculated?

  The math is simple. UM will calculate your family’s contribution based on your FAFSA and CSS Profile and subtract it from the full annual cost of attendance. The difference is your total aid.

• What expenses are included in the cost of annual attendance?

  For financial aid purposes, the total cost of attending UM includes expenses such as tuition, housing, meals, local transportation, books, supplies, and estimated personal expenses.

• Am I eligible?

  Other than being a federal aid-eligible Florida resident, applicants need to file the FAFSA and CSS Profile by the deadline to determine your financial need.

• If I am not eligible, can merit-based scholarships assist with tuition?

  Yes: the University of Miami offers merit-based scholarships for academics, arts, and leadership. They have varied requirements and submission guidelines and range from $5,000 to the full cost of attendance. Please review UM’s merit-based scholarships page for more information.