Finances

With careful planning, studying abroad can be affordable! Interested students should meet with their primary academic advisor to discuss their academic plan and degree requirements before discussing financial aid options with a representative from the Office of Financial Assistance.

How Much Does It Cost to Study Abroad?

The cost of studying abroad varies depending on the type, length, and location of the program. Each program page shows the estimated costs of the program and what is included in the program fee, if applicable. Below is a summary of the types of costs you can expect from each type of program.

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  • UPrograms

    • Students participating in UPrograms pay regular UM tuition.
    • In addition, students pay a program fee to cover housing and program activities.
    • Students must also budget for passport, visa, transportation, books, personal expenses, and travel.
    • Total program costs range from $3,000 less than a semester on campus at UM to $3,000 more than a semester on campus at UM, depending on the cost of living and the duration of the program.

  • UM Partner Exchange

    • Students participating in semester or year exchange programs pay regular UM tuition.
    • Students pay housing directly to the host university or housing provider, and meals are typically budgeted according to eating in cafeterias, cooking meals at home, or eating at restaurants. Therefore, the housing and meal costs vary depending on the location of the host university.
    • Students must also budget for passport, visa, transportation, books, personal expenses, and travel.
    • Total program costs range from $3,000 less than a semester on campus at UM to $6,000 more than a semester on campus at UM, depending on the cost of living and the duration of the program.

  • Faculty-Led

    • Students on faculty-led programs pay regular, per credit UM tuition in addition to their regular spring and fall term charges.
    • In addition, students pay a program fee to cover costs of the program such as housing, group travel, entrance fees and tours, and group meals.
    • Students must also budget for passport, visa, transportation, books, personal expenses, and travel.

  • Summer UM Partner Programs

    • Students participating in summer programs at partner institutions pay regular, per credit UM tuition in addition to the regular spring and fall term charges.
    • In most cases, housing and meals are paid directly to the host university or housing provider.
    • In some cases, students pay a program fee directly to UM to cover housing expenses.
    • Students must also budget for passport, visa, transportation, books, personal expenses, and travel.

  • Non-UM

    • Students who choose to study abroad on a non-UM program pay a $1,000 fee during each semester of the program. This charge will appear on the student’s account after the proper forms have been submitted.
    • Review the Non-UM Program policy and Non-UM Program Form.
    • Students then pay their study abroad program costs directly to the organization, program provider, or institution.

  • Personal Expenses

    • Personal expenses such as local transportation, entertainment, communication, and laundry depend on the program length and location.
    • Student expenses will vary according to individual spending habits and travel.
    • Expenses may also increase or decrease depending on the exchange rate at the time of study, and can dramatically affect the cost of studying abroad.
    • For information on exchange rates, visit www.xe.com or www.oanda.com.

Will I Be Able to Use My Financial Aid Abroad?

If you are a financial aid recipient, you will be eligible to receive financial aid during your semester abroad. Courses that you take abroad must count toward your degree; it is important to meet with your primary academic advisor to discuss your academic plan and degree requirements. 

You will be charged full tuition on your tuition bill for the semester during which you will be abroad. If your total program cost is less than the cost of studying at UM for that semester, your need-based aid will be reduced proportionately. Considering each student's financial package is unique, you will need to meet with a representative from the Office of Financial Assistance (CanesCentral) while planning your study abroad.

While overseas, if you have specific questions, you should contact Canes Central for assistance.

The University of Miami does not offer financial aid for students attending institutions under a non-UM study abroad program.

What if my plans change after I am accepted and I do not study abroad?

You may be financially responsible for the program; this depends on the type of program, and how far in advance of the program start date you withdraw. You can see the full withdrawal policy, timeline and fees here.

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