Student Loans for University of Miami Students

About University of Miami

student loansLocated in Coral Gables, just south of the city of Miami, the University of Miami is a university on the rise: its academics have grown in strength over the past several decades, attracting more competitive students and professors, while in the same period of time, its endowment has grown dramatically. As if its growing academic strength wasn’t enough to make U of M appealing, let’s not forget it’s in a beautiful suburb of Miami, right outside the city limits. Coral Gables is gorgeous, and the university also has a campus out on Virginia Key for marine and atmospheric research. On top of all of this, the school has a very high profile athletics program, and routinely produces strong teams for ACC and NCAA competition.

Miami, like any other city, has a relatively high cost of living. Not that you’ll be going out on the city and living the high life as a college student, but it’s important to keep the higher cost of living in mind as you construct a budget.

Applying for University of Miami Financial Aid and Student Loans

financial aidThe University of Miami requires students to submit the Free Application for Federal Student Aid (FAFSA) to be considered for financial aid funds. Don’t be intimidated—you only have one form to submit, and it’s really not that bad. Check out our FAFSA coach for details on how to complete it painlessly. Once you’ve got it finished up, send your FAFSA off to the U of M aid office and your application process will be complete.

University of Miami financial aid is offered to 85% of the student body, with a remarkable 71% of all aid coming in the form of grants or scholarships. The dominance of ‘free money’ awards in the University of Miami financial aid program is a huge strength for the university, and a great plus for students who might attend. Of course, there are still students who don’t receive all the aid they need to totally cover the cost of attending the University of Miami, and in these situations both federal and private loans can be helpful.

If you still need funding after your U of M financial aid package, first exhaust your federal aid options, and then pursue private loans to cover the final gap. To find, compare, and apply for private student loans for University of Miami, check out our loan comparison tool above.

Pay for University of Miami*

Total Avg. Cost $53,544
Tuition $35,540
Room & Board $11,016
Financial Aid Information
Students Receiving Fin Aid 80%
Typical Grant Amounts
State/Local $6,605
Federal $5,919
%Receiving Loans 37%
Avg. Other Stud. Loans $18,466
%Receiving Other Loans 8%

Get into University of Miami

Admission Rate 44%
Total Enrollment 15,629
Men 48%
Women 52%
Graduation Rate 80%
Application Fee $65

Contact University of Miami

Address
University of Miami
Coral Gables, FL 33124(305) 284-2211
Financial Aid Office URL
http://www6.miami.edu/finaidprograms/
Admissions Office URL
http://www6.miami.edu/freshmen/

*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics

 

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