Scholarships, Grants, and Loan Trends at U of Miami
Over the past 10 years (2012-2021), the average number of students who received grants aid/scholarships is 7,510, which is 67.89 % of all undergraduate students. 3,046 students which is 27.56% of undergraduate students received federal student loans and the average loan amount is $6,990.
For full-time, first-time beginning students (freshmen), 73.67% of students received grants or scholarships and 31% of students received student loans.
All Undergraduate Students Financial Aid Over Time
The following table and chart show the trends of financial aid for all undergraduate students at University of Miami since 2012.
For that period, the average number of students who received grants aid/scholarships is 7,510, which is 67.89 % of all undergraduate students. 3,046 students which is 27.56% of undergraduate students received federal student loans and the average loan amount is $6,990.
| Year | Grant or Scholarship* | Pell Grants | Federal Student Loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2012-13 | 7,692 (73%) | $25,099 | 1,964 (19%) | $4,427 | 3,769 (36%) | $7,594 |
| 2013-14 | 7,775 (68%) | $25,495 | 2,005 (18%) | $4,438 | 3,350 (29%) | $7,390 |
| 2014-15 | 7,807 (70%) | $25,067 | 1,800 (16%) | $4,582 | 3,128 (28%) | $7,699 |
| 2015-16 | 7,448 (67%) | $23,168 | 1,484 (13%) | $4,617 | 2,870 (26%) | $11,535 |
| 2016-17 | 7,247 (67%) | $28,540 | 1,518 (14%) | $4,616 | 2,823 (26%) | $5,781 |
| 2017-18 | 7,475 (69%) | $31,431 | 1,609 (15%) | $4,539 | 2,878 (27%) | $5,573 |
| 2018-19 | 7,436 (67%) | $33,310 | 1,590 (14%) | $4,771 | 2,895 (26%) | $5,332 |
| 2019-20 | 7,462 (66%) | $34,806 | 1,677 (15%) | $4,819 | 2,812 (25%) | $6,020 |
| 2020-21 | 7,252 (64%) | $33,284 | 1,703 (15%) | $4,932 | 2,888 (25%) | $5,985 |
| Average | 7,510 (67.89%) | $28,911 | 1,706 (15.44%) | $4,638 | 3,046 (27.56%) | $6,990 |
Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time
For the last 10 years, on average, 1,577 (73.67 % of students) received grants or scholarships and its average amount is $27,897. It can cover 48.78% of tuition & fees ($57,194).
In addition, 670 (31.33 % of students) students get helped from the students loans (average amount : $8,001).
| Year | Grants or Scholarships* | Student Loans | ||
|---|---|---|---|---|
| Number Received (percent**) | Average Amount | Number Received (percent**) | Average Amount | |
| 2012-13 | 1,471 (74%) | $26,499 | 746 (38%) | $7,355 |
| 2013-14 | 1,614 (76%) | $26,587 | 697 (33%) | $8,039 |
| 2014-15 | 1,727 (84%) | $26,256 | 703 (34%) | $8,635 |
| 2015-16 | 1,617 (79%) | $22,921 | 581 (28%) | $8,552 |
| 2016-17 | 1,485 (73%) | $20,647 | 628 (31%) | $6,977 |
| 2017-18 | 1,494 (68%) | $21,766 | 638 (29%) | $7,127 |
| 2018-19 | 1,647 (70%) | $33,931 | 690 (29%) | $7,909 |
| 2019-20 | 1,479 (68%) | $37,452 | 604 (28%) | $8,841 |
| 2020-21 | 1,662 (71%) | $35,012 | 741 (32%) | $8,573 |
| Average | 1,577 (73.67%) | $27,897 | 670 (31.33%) | $8,001 |
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.
The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 307 (14.22 % of students) received Pell (federal) grants and its average amount is $4,636.
In addition, 611 students received State/local government grants/scholarships (28.44 % of students).
| Year | Federal (Pell) Grants | Other Federal | State/Local government | Institutional | ||||
|---|---|---|---|---|---|---|---|---|
| Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | |
| 2012-13 | 349 (18%) | $4,535 | 288 (14%) | $1,054 | 745 (37%) | $5,163 | 1,399 (70%) | $23,765 |
| 2013-14 | 365 (17%) | $4,397 | 233 (11%) | $1,493 | 639 (30%) | $5,242 | 1,550 (73%) | $24,264 |
| 2014-15 | 318 (15%) | $4,479 | 217 (11%) | $1,499 | 663 (32%) | $5,736 | 1,684 (82%) | $23,629 |
| 2015-16 | 244 (12%) | $4,507 | 184 (9%) | $2,019 | 548 (27%) | $4,972 | 1,514 (74%) | $21,709 |
| 2016-17 | 272 (13%) | $4,480 | 198 (10%) | $2,893 | 588 (29%) | $6,411 | 1,177 (58%) | $21,325 |
| 2017-18 | 273 (12%) | $4,649 | 166 (8%) | $2,873 | 445 (20%) | $6,323 | 1,143 (52%) | $24,461 |
| 2018-19 | 295 (13%) | $4,835 | 248 (11%) | $2,783 | 569 (24%) | $9,939 | 1,564 (67%) | $30,763 |
| 2019-20 | 315 (14%) | $4,795 | 389 (18%) | $2,031 | 595 (27%) | $9,683 | 1,346 (62%) | $35,163 |
| 2020-21 | 330 (14%) | $5,051 | 281 (12%) | $3,765 | 704 (30%) | $9,894 | 1,482 (63%) | $32,726 |
| Average | 307 (14.22%) | $4,636 | 245 (11.56%) | $2,268 | 611 (28.44%) | $7,040 | 1,429 (66.78%) | $26,423 |
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students..
The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.
For the last 10 years, on average, 670 (31.33 % of students) get any students loan help and its average loan amount is $670.
| Year | Total | Federal student loans | Other student loans | |||
|---|---|---|---|---|---|---|
| Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | Number Received (percent) | Average Amount | |
| 2012-13 | 746 (38%) | $7,355 | 745 (37%) | $5,488 | 68 (3%) | $20,566 |
| 2013-14 | 697 (33%) | $8,039 | 689 (33%) | $5,556 | 75 (4%) | $23,663 |
| 2014-15 | 703 (34%) | $8,635 | 695 (34%) | $5,949 | 87 (4%) | $22,248 |
| 2015-16 | 581 (28%) | $8,552 | 554 (27%) | $5,659 | 88 (4%) | $20,838 |
| 2016-17 | 628 (31%) | $6,977 | 613 (30%) | $4,271 | 87 (4%) | $20,271 |
| 2017-18 | 638 (29%) | $7,127 | 618 (28%) | $4,178 | 84 (4%) | $23,399 |
| 2018-19 | 690 (29%) | $7,909 | 670 (29%) | $3,605 | 117 (5%) | $25,997 |
| 2019-20 | 604 (28%) | $8,841 | 567 (26%) | $3,544 | 133 (6%) | $25,041 |
| 2020-21 | 741 (32%) | $8,573 | 705 (30%) | $3,991 | 126 (5%) | $28,087 |
| Average | 670 (31.33%) | $8,001 | 651 (30.44%) | $4,693 | 96 (4.33%) | $23,346 |
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