Your Investment in the MD/MBA

Miami Herbert is committed to making its degrees accessible to all qualified candidates. Paying for a graduate degree shouldn't stop you from reaching your goals. Here you’ll find basic information about this specific program’s costs, and how you can finance this degree. 

The University of Miami MD/MBA program offers eligible candidates the opportunity to earn both degrees in as little as 4 or 5 years. The program also offers a lower tuition cost as students complete a total of 44 credit hours to earn the MBA, compared to 56 credit hours required in the traditional Full-Time MBA. 

The MBA costs outlined below for this program are approximations. Please be aware that the published tuition rate and fees may increase from one academic year to the next and once updated, will be published to the Graduate Professional Financial Assistance website.

MD/MBA 

        MBA Program Total - 44 credits

Tuition: $2,005 per credit hour**

$88,220

Fees: $580 per semester*

$1,160

Estimated Total Tuition and Fees:

$89,380

Estimated MBA Cost after Scholarship:

$45,270

* Academic Year 2020-2021 
** Discounted tuition rate for the 2020-21 MD/MBA program

Indirect Costs
Beyond the direct program costs listed above, it is recommended to also review the indirect costs on the Graduate Professional Financial Assistance webpage to view the estimates per semester and/or academic year for other living expenses. 

Student Health Insurance
Full-time graduate students are required to have health insurance while enrolled with the University of Miami. All international students must enroll in the University-sponsored health insurance program. Domestic students will automatically be enrolled in the University-sponsored health insurance unless a waiver request with proof of alternative coverage is submitted by the indicated deadline. For more details on the University-Sponsored Health Insurance and the annual insurance rate, please visit the University of Miami Student Health Services website.

Paying for Graduate School

Understanding how to pay for your education now can help you build the foundation for a better financial future. Here are three simple steps to consider when financing your degree:

  1. Plan Early: Be sure to meet application deadlines. Start saving before you get to graduate school. Consider funding or using education savings (529) plans.
  2. Fill out the FAFSA application: Financial Aid is available to residents and US citizens, helping reduce expense outlays, by offering eligible applicants grants and/or repayable loans. It’s never too early to explore Federal aid.  When doing so, make sure you consider eligibility requirements, loan application deadlines and other implications, such as repayment conditions.
  3. Scholarship opportunities: All admitted applicants are considered for merit-based scholarship opportunities, and candidates are informed of the scholarship decision at the point of admission. The assessment criteria are the same as those used for the admissions decision but at a more competitive level. There is no separate application process for these scholarship awards. For information on scholarships, click here

International students are not eligible to receive federal financial aid, which includes Stafford and Perkins loans. However, international students may qualify for private loans if they have a U.S. co-signer. 

You're not alone in this process. The UM student financial services team is here to help and is dedicated to helping our students afford their graduate education. Below are helpful links as you navigate the financing of your degree:

The University of Miami is a proud participant of the Yellow Ribbon GI Education Enhancement Program. Visit the UM Office of Veterans Affairs for more information.

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