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What is the average financial aid amount at University of Miami?

For the academic year 2022-2023, total 2,107 full-time, first-time students (76% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.

For all undergraduate students, total 8,176 students (68% of all students) received grants or scholarships and the average grant amount is $37,806. In addition, 3,246 students received student loans and the average loan amount is $5,826.

Below tables show the number and amount by source of financial aid at University of Miami.
All Undergraduate Student Financial Aid at University of Miami
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid8,17668%$37,806
Pell Grants1,94316%$5,115
Federal Student Loans3,24627%$5,826
Beginning Students (Freshmen) Financial Aid at University of Miami
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid2,10776%-
Grants or Scholarship from All Sources1,98372%$37,322
Federal Grants41615%$7,798
Pell Grants41615%$5,485
Other Federal Grants32612%$2,952
State/Local Grants60822%$9,048
Institutional Grants1,90169%$34,332
Student Loans93934%$8,432
Federal Student Loans91833%$4,204
Other Student Loans1536%$26,522

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