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Florida Memorial University Tuition and Fees

Florida Memorial University is a private, Baptist university located in Miami-Dade, FL. Florida Memorial University covers an area of 44 acres. It was in 1879 when the Florida Memorial University was founded. Florida Memorial University believes in imparting education and contributing to society by focusing on innovation, research, education, and commitment. The motto of the university is Leadership, Character, Service and its official colors are royal blue & orange. In addition to over 1,050

$12,576

Tuition

$29,812

Cost of Attendance

$15,806

Net Price

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Florida Memorial University Tuition and Fees

Florida Memorial University is known for offering a wide range of undergraduate and postgraduate programs in a variety of streams, providing excellent training to students. Compared to the tuition fees charged at most institutions, the expense of education at FMU is quite moderate. The 2020 - 2021 official data shows that the estimated average cost for students pursuing undergraduate courses at Florida Memorial University comes to around $16,236, which includes tuition and other expenses as well. The housing costs $7,776, books and supplies cost $2,500, while the other expenses add up to $4,500.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$15,536	$15,536
Book & Supplies	$2,500	$2,500
Room & Board cost	$7,776	$7,776
Other Expenses	$4,000	$4,000
Total Cost of Attendance	$29,812	$29,812

Coming to the cost of attendance, students need to understand that the tuition fee is just a single aspect of the expenses that come under the overall cost of attending the university. There are several other expenses that are involved in the cost of attending the university, which primarily includes housing, dining, textbooks, supplies, and the cost of living. The total tuition and fees for students attending Florida Memorial University come out to be around $16,236 per year. In addition, the students will be needed to pay an average expense of $2,500 for books and supplies, $9,138 toward room and boarding, and $4,500 for different other expenses in a year. So, the overall cost of attending FMU comes out to be about $32,374 per year, according to the most recent information available.

Average Net Price by Family Income

Net Price

$15,806

Family Income

Avg. Net Price

$0 to $30,000

$16,302

$30,001 to $48,000

$17,052

$48,001 to $75,000

$18,552

$75,001 to $110,000

$21,098

$110,000+

$21,719

The net price of attending Florida Memorial University is nothing but the actual amount that the students are required to pay in a year. It depends upon the annual family income of the applicant. Generally, the higher the family income of the candidate, the higher is the net amount to be paid. While the actual net cost is subject to one’s family income bracket, the average net price is estimated to be $17,247 at FMU. The net price for students with an annual family income below $30,000 is reported to be around $16,391. For the individuals who come under the $30,001-$48,000 income category, the net cost is $17,810. The amount stands at $19,751 for an annual income between $48,001 and $75,000, $21,960 for the $75,001-$110,000 income bracket, and $24,260 for a family income above $110,000.

Student Loans

Example Loans

$48,300

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$501

Total interest paid

$11,850

Sum of Loan Payments

$60,150

To have a realistic understanding of how much it will cost to study at Florida Memorial University here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $48,300 for example. This will result in a $6,015 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $60,150 which is $11,850 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student type	In-state	Out-State
Tuition & Fees	$15,536	$15,536
Room & Board Cost	$7,776	$7,776
Total Tuition & Fees	$23,312	$23,312

For students pursuing undergraduate courses at Florida Memorial University, the tuition and fees are estimated to be $16,236 per year. Moreover, the applicants must also pay an amount of $9,138 towards room and boarding charges. In this way, for one year, the total cost for undergraduate students comes to around $32,374.

Graduate Tuition and Fees

	In-state	Out-State
Tuition	$16,708	$16,708
Fees	N/A	N/A

As for the students looking to enroll in postgraduate programs at FMU, the tuition and fees they are charged add up to $16,708 per year. Notably, no graduation fee is collected from the students at Florida Memorial University.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	$694
Undergraduate	2018 - 2019	$524

The total program cost divided by the total number of credit hours of the program – also called cost per credit hour – that the student has to pay to attend Florida Memorial University varies for graduate and undergraduate courses. The 2019-2020 fee structure places the cost per credit hour for graduate courses at $278 and the undergraduate cost per credit hour at $124. Florida Memorial University also offers a wide range of online programs across 31 different majors for students at present.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$7,776	$10,500
Other Expense	$4,000	$5,000
Book & Supplies	$2,500	$2,500

As far as the housing and related charges at FMU are concerned, these expenses vary depending on whether the candidate chooses to live on-campus or off-campus. Students have to pay $11,776 per year for on-campus housing and $15,500 a year for off-campus lodging facilities. Besides, on-campus candidates will have to pay about $7,776 toward room and boarding charges. On the other hand, off-campus students will be required to pay an amount of $10,500. On the other hand, the charges toward books and supplies come to around $2,500. Meanwhile, the other expenses that one needs to plan for add up to $4,000 for on-campus students and $5,000 for off-campus students.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$7,776

Off Campus

$10,500

Housing & Other Expenses

Other Expenses

On Campus

$4,000

Off Campus

$5,000

Housing & Other Expenses

Book & Supplies

On Campus

$2,500

Off Campus

$2,500

Projected Price for a 4 year degree

A four-year undergraduate course as well as living expenses at FMU are projected to cost around $162,363 as per official data. In contrast, the total expenses for undergraduate students amounted to $17,247 in 2018-2019, $15,806 in 2017-2018, and $16,280 in 2016-2017.

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