Financial Matters

Tuition and Fees

Below is the amount of funds you will need at the University of Miami excluding expenses for dependents and living expenses and tuition for the summer. Graduate calculations are based on 9 credit hours per academic semester.

Students are responsible for their tuition and fees upon Registration. Tuition charges are assessed based on the number of credits for which the student is enrolled. Undergraduate, graduate, law day, law evening, and medical students have different rates. Other special programs have special rates. For rates of special programs, see the announcements that are published concerning these components of the University's academic program.


Payments to the University

All charges (tuition, on-campus housing, meal plan, and fees) are payable by the due date on your Tuition Bill. Please note that your semester Tuition Bill can be viewed on the University's CaneLink system at Please click here for information on how to make payments to the University.

Funding for United States Study

The Institute of International Education’s (IIE) Funding for United States Study is a guide for international students and professionals.  The guide contains comprehensive listings for

  • Undergraduate, Graduate, and Postgraduate Opportunities
  • Fellowships, Grants, Scholarships, Financial Aid, and More

With over 800 grant and scholarship listings, Funding for United States Study is the most comprehensive directory on finding funding for study in the United States, making it an invaluable resource for advisors and international students worldwide.

In order to search by region, area of study, location in the United States, and name of program, visit Funding for US Study Online: Funding for US Study Online is an extensive database of scholarships, fellowships' and grants organized and maintained by IIE. It includes all types of funding programs, for all levels of post-secondary study, across the full range of academic areas.

Living Expenses in the U.S.

Indicated on your Form I-20 or Form DS-2019 is the amount of funds you will need for the current semester at the University of Miami excluding living expenses and tuition for the summer. With the exception of assistantships and limited on-campus employment, you may not work in the U.S. upon your arrival. Please do not plan on income from working on campus since it is limited and produces small income. Off-campus work is prohibited during the first year of study and severely regulated thereafter by American immigration law. No federal or state financial aid or scholarships are available to international students. You are expected to have available the funds you showed on your Declaration and Certification of Finance during your period of studies at the University of Miami.

Upon your arrival, you will immediately need to pay for tuition, fees, medical insurance, housing, books, and meals for the semester. Students bringing families will need more. Students holding assistantships will also need to bring ready cash since payments for assistantships are issued only after a period of work, usually a month. Graduate students with assistantships may not receive payment until they have a Social Security number, which will take at least two weeks to obtain.


Open a Bank Account

Some banks, such as the University Credit Union, require a Social Security number in order to open an account.  Others, such as Chase, Citibank, and Bank of America, located across the street from campus on US 1, do not require a Social Security number.  You should be able to open a bank account by showing your passport, I-94 and I-20.  If you have your Cane Card with you, you can open a free student checking account at most banks. (See “Starting your Life in Miami” PowerPoint found here).

Payments to the University

All charges (tuition, on-campus housing, meal plan, and fees) are payable by the due date on your Tuition Bill. Please note that your semester Tuition Bill can be viewed on the University's CaneLink system at

Third Party Sponsors

A “third party sponsor” refers to any organization which formalizes a contract with the University and provides a guarantee letter assuming financial responsibility for a student’s, or group of student’s, tuition and fees, in full or portion thereof.  Employers are not considered third party sponsors since sponsorship cannot be dependent upon the student’s continued employment with the organization.

It is the student’s responsibility to provide the Office of Student Account Services an updated financial guarantee letter at least two weeks prior to the semester’s payment due date. The financial guarantee letter should be submitted each semester to ensure the sponsor is billed accurately and in a timely manner. The sooner we are notified the better since early notification prevents a past due hold from being added or cancellation of classes from taking place. It also gives the students better information about what they personally will be expected to pay.The financial guarantee letter may be sent via e-mail to

Upon receipt of the financial guarantee letter the student will receive a credit on their student account that reads “Third Party Transfer”.  This line item description does not mean the University has received payment from the Third Party Sponsor; rather, it serves as a deferment of the balance owed to the University until the payment is submitted by the sponsoring organization.  That being said, the student is ultimately responsible for any balance on their student account in the event the sponsor defaults on their payment agreement.