How U of Miami's Financial Aid Changes

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 2013.

For that period, the average number of students who received grants aid/scholarships is 7,564, which is 67.33 % of all undergraduate students. 2,988 students which is 26.56% of undergraduate students received federal student loans and the average loan amount is $6,793.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
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
2021-22	8,176 (68%)	$37,806	1,943 (16%)	$5,115	3,246 (27%)	$5,826
Average	7,564 (67.33%)	$30,323	1,703 (15.11%)	$4,714	2,988 (26.56%)	$6,793

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 1,634 (73.44 % of students) received grants or scholarships and its average amount is $29,099. It can cover 48.56% of tuition & fees ($59,926).

In addition, 691 (30.89 % of students) students get helped from the students loans (average amount : $8,121).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
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
2021-22	1,983 (72%)	$37,322	939 (34%)	$8,432
Average	1,634 (73.44%)	$29,099	691 (30.89%)	$8,121

^*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.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 314 (13.89 % of students) received Pell (federal) grants and its average amount is $4,742.

In addition, 595 students received State/local government grants/scholarships (26.78 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
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
2021-22	416 (15%)	$5,485	326 (12%)	$2,952	608 (22%)	$9,048	1,901 (69%)	$34,332
Average	314 (13.89%)	$4,742	249 (11.33%)	$2,479	595 (26.78%)	$7,472	1,485 (66.67%)	$27,597

^*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..

Student Loans

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, 691 (30.89 % of students) get any students loan help and its average loan amount is $691.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
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
2021-22	939 (34%)	$8,432	918 (33%)	$4,204	153 (6%)	$26,522
Average	691 (30.89%)	$8,121	670 (30.00%)	$4,551	106 (4.67%)	$24,007

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Scholarships, Grants, and Loan Trends at U of Miami

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time