University of Miami Student Loans
About the University of Miami
Established in 1925, the University of Miami is a private and nonsectarian university located in Coral Gables, Florida. With 12 individual colleges within the university, the University of Miami attracts students from all over the country and around the world for myriad degree programs. The schools within the University of Miami include a medical school, a law school, and a school devoted to the study of oceanography as well as atmospheric sciences. The university places an emphasis on research and receives approximately $346.6 million per year in research funding.
Student activities include thriving fraternities and sororities, Division I athletic teams, a student radio station, a student newspaper, and student theatre productions, for instance. Those attending the school have easy access to many different types of recreational and entertainment options. The school’s campus includes a botanical garden as well as an arboretum. The campus boasts access to the Metro, which easily, quickly, and affordably takes students into downtown Miami as well as many other neighborhoods of Miami.
Expenses Associated With the University of Miami
Although an education at the University of Miami can be made more affordable with the help of grants, scholarships, and student loans, a college education here can be expensive nonetheless. The expenses associated with a degree from the University of Miami might not be as obvious as some may think. Of course, tuition and books are expenses that most people think of, and many people who choose to stay on campus also consider the price of room and board. The kinds of expenses that are often overlooked, however, can easily make or break a budget.
Be sure to consider the following types of expenses that you might incur while attending the University of Miami before setting your budget.
- Supplies. You may be fully aware of how expensive your textbooks might be, but have you factored in the expense for other types of supplies? Everything from calculators to notebooks will add up over time.
- Equipment. Some programs might require or suggest that you have some heavy-duty equipment of your own. This kind of equipment might include computers and printers or perhaps equipment more specific to your program, like an instrument or certain type of camera.
- Off-campus recreation, entertainment, and dining. Even if you are living fully on campus, you will no doubt spend money off campus as well. You should set aside money for the occasional trip into town or to the beach. And if you’re living off-campus, you’ll want to set aside a considerable amount of money for these purposes.
- Off-campus rent and utilities. If you’re not living on campus, be sure to factor in all expenses associated with a home of your own, including rent, gas, electricity, internet access, and other types of bills.
- Fees. You may glance over the word “fees,” but fees associated with your education can cost you a small fortune. Be sure to acknowledge and understand all of the fees you’ll be charged by your school.
Paying for School With Student Loans
Most students who attend the University of Miami receive some sort of financial aid. There are many different types of student loans available to the students of the University of Miami. If you’re trying to access as much financial aid as possible for your education, be sure to consider the Perkins Loan, Stafford Loan, and PLUS Loan, among others.
If you’d like to learn more about the different types of student loans that will be available to you while attending the University of Miami, be sure to continue browsing SimpleTuition.
Pay for University of Miami*
|Total Avg. Cost||$53,544|
|Room & Board||$11,016|
|Financial Aid Information|
|Students Receiving Fin Aid||80%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$18,466|
|%Receiving Other Loans||8%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics