Florida Memorial University
Miami Gardens, FL 33054-6199 — Private Nonprofit
Value Score: 55/100 | ROI Score: -55 | Affordability Score: 55/100
Tuition (In-State): $20,174 | Out-of-State: $20,174
Acceptance Rate: 85.3% | Graduation Rate: 30.7% | Retention Rate: 49.5%
Median Earnings (10yr): $36,624 | Median Debt: $30,063
Student Body Size: 1,183 (small)
Pell Grant Recipients: 69.1% | Federal Loan Rate: 66.0%
Average Faculty Salary: $7,615/month
Tuition & Affordability Analysis
In-state tuition at Florida Memorial University is $20,174 per year, which is 49% below the national average for private institutions.
Out-of-state students pay $20,174/year — a premium of $0 over in-state rates. Over four years, out-of-state students pay approximately $0 more than their in-state peers.
Estimated four-year tuition cost: $80,696 (tuition only, not including room, board, and fees).
What You Actually Pay: Net Price by Family Income
The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at Florida Memorial University:
- Families earning $0–$30,000: $21,882/year
- Families earning $30,001–$48,000: $22,868/year
- Families earning $48,001–$75,000: $24,425/year
- Families earning $75,001–$110,000: $26,861/year
- Families earning $110,000+: $30,076/year
Admissions Snapshot
Florida Memorial University has an acceptance rate of 85.3%, placing it in the Open Admission (85%+) category. This means roughly 347 students apply each year.
Florida Memorial University accepts the majority of applicants, making it an accessible option for students across a range of academic backgrounds.
Graduate Outcomes & Return on Investment
30.7% of students at Florida Memorial University complete their degree, 51% below the national average. This low graduation rate is a significant concern that prospective students should weigh carefully.
First-year retention rate: 49.5% (39% below the national average). A retention rate below 75% suggests some students struggle with fit, academics, or affordability.
Graduates of Florida Memorial University earn a median salary of $36,624 ten years after enrollment, 10% below the national average. This represents a $1,624/year earnings premium over the average high school diploma holder, or $48,720 in additional lifetime earnings over a 30-year career.
The median student debt at graduation is $30,063, 40% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $326/month, with a total repayment of $39,120 (including $9,057 in interest).
Debt-to-Earnings Ratio: 0.82x. This ratio is approaching the caution zone. Graduates may face significant loan payments relative to income.
Breakeven Point: Based on the earnings premium over high school graduates, a degree from Florida Memorial University pays for itself in approximately 50 years. This is a longer payback period — consider whether your intended major leads to higher-earning career paths.
Financial Aid Profile
69.1% of students at Florida Memorial University receive Pell Grants (federal need-based aid for families earning under ~$60,000), 109% above the national average. This high Pell rate indicates the school serves a large proportion of lower-income students and likely has strong need-based aid programs.
66.0% of students take federal loans, 40% above the national average. This high borrowing rate means most students need loans to attend. Factor loan payments into your decision carefully.
Average faculty salary: $7,615/month, 13% below the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Florida Memorial University enrolls 1,183 undergraduate students. This mid-sized institution offers a balance between personalized attention and diverse academic offerings.
Diversity Index: 31/100 (higher = more diverse). The student body is less diverse than average.
Student body composition: White 4%, Hispanic 3%, Black 83%, Asian 0%.
Florida Memorial University: Low Graduation Rate and High Debt
- Florida Memorial University: Investing in Your Future, Rooted in Miami's Vibrant Landscape
- Beyond the Degree: Unpacking Career Success and Outcomes at Florida Memorial University
- Discover Your Path: The FMU Experience and Its Impact on Your Career Journey
Report Card: Overall Grade D
Florida Memorial University receives an overall grade of D based on six dimensions:
- Academics: D
- Value: F
- Outcomes: C
- Affordability: A
College Analysis
Florida Memorial University is a Private Nonprofit institution in Miami Gardens, FL with approximately 1,183 students. Florida Memorial University has a low graduation rate, which may indicate challenges in academic support or student engagement. The university's median debt is relatively high, suggesting students may face significant financial burdens after graduation. The median earnings 10 years after graduation are below the national average, indicating potential career challenges for graduates.
The Verdict: Is Florida Memorial University Worth It?
Florida Memorial University presents a complex value proposition. With a median 10-year earnings of $36,624 and median debt of $30,063, the financial return on investment appears challenging. The ROI score of -55 indicates that, on average, graduates earn less than their debt burden over a decade, and significantly less than the national average for similar institutions. The tuition of $20,174 per year, while not the highest, contributes to the debt load. To illustrate, paying off $30,063 in debt at a modest interest rate would take many years, especially with a starting salary around the median earnings. Compared to the national median earnings for college graduates, FMU's median earnings are considerably lower. This suggests that while FMU provides access to higher education and a college experience, the immediate financial payoff may not be substantial. It is not a clear 'good deal' based on earnings potential versus debt. It could be considered a 'hidden gem' for students who prioritize specific programs or a particular campus environment and are willing to leverage the degree for long-term career growth beyond initial salary, or for those receiving significant financial aid that offsets the sticker price and debt. However, for students solely focused on maximizing immediate financial return, it may be overpriced relative to outcomes. Recommendation: Students should carefully consider their career goals and potential earning trajectories, explore all available financial aid options, and thoroughly research specific program outcomes before committing.
Return on Investment
Given the high median debt and low graduation rate, the degree may not be worth the cost for many students.
Debt Reality Check
Median student debt at Florida Memorial University: $30,063. Monthly payment on a standard 10-year plan: $341/month. Total repaid: $40,920 ($10,857 in interest).
Breakeven vs high school diploma: 4.5 years. Debt burden: Moderate. Salary needed for comfortable repayment: $40,920.
Strengths
- Diverse student body
- Located in Miami Gardens, FL
Weaknesses
- Low graduation rate
- High median debt
Academic Profile
Retention Rate: 49.5%.
Florida Memorial University's academic landscape is characterized by a commitment to providing accessible, quality education, particularly within its strong liberal arts and professional programs. As an HBU, FMU places a significant emphasis on fostering critical thinking, leadership, and service. While specific faculty salary data isn't available, the university's size suggests a potentially more intimate student-faculty ratio, allowing for personalized attention. Notable departments often include Business Administration, Education, and the STEM fields, with programs designed to prepare students for success in a diverse workforce. The School of Business, for instance, often highlights its focus on entrepreneurship and management, aligning with the dynamic economic environment of South Florida. The university also offers opportunities for undergraduate research, allowing students to engage directly with faculty on meaningful projects, though these might be more program-specific rather than university-wide initiatives. FMU's academic support resources are crucial, given the student demographic, and likely include tutoring services, writing centers, and academic advising designed to help students navigate their coursework and stay on track for graduation. While a formal honors program may exist, the emphasis is often on creating a supportive academic environment for all students. Study abroad opportunities, while perhaps less extensive than at larger institutions, can provide valuable global perspectives. The university's mission often centers on empowering students to achieve their full potential, both academically and personally.
Financial Aid Guide for Florida Memorial University
Pell Grant recipients: 69.1%. Students taking federal loans: 66.0%.
Navigating financial aid at Florida Memorial University requires understanding its commitment to making education accessible, especially for its target demographic. As a private institution, FMU offers a mix of federal, state, and institutional aid. Merit-based scholarships are available, often awarded based on academic achievement (GPA, high school coursework) at the time of admission. These can range from partial tuition waivers to more substantial awards, but specific dollar amounts vary widely. Need-based aid, determined by the FAFSA, is a cornerstone of FMU's financial aid strategy. This includes federal grants like the Pell Grant (though specific Pell Grant rates for FMU are not provided, it's a key federal program), state grants, and institutional grants. Work-study opportunities are also likely available, providing students with part-time employment on campus to help cover educational expenses. Typical aid packages for students from lower-income backgrounds ($0-$30,000 Adjusted Gross Income) will likely consist of a combination of grants and potentially federal loans, aiming to cover a significant portion of the $20,174 tuition. For middle-income families ($50,000-$100,000 AGI), aid might lean more towards institutional scholarships and federal loans, with a greater out-of-pocket responsibility. Scholarship tips for FMU applicants include highlighting leadership roles, community service, and specific talents in essays and applications. Negotiating aid at private institutions like FMU is generally less common or effective than at highly selective universities, as their aid budgets are often more structured. However, if a student has a significant competing offer from another comparable institution, a polite inquiry to the financial aid office might be considered, though success is not guaranteed. It's crucial to complete the FAFSA by the priority deadline (typically early spring) to maximize eligibility for all aid types.
Hidden Costs at Florida Memorial University
- Student Activity Fee: Approximately $200-$300 per semester, supporting student organizations, events, and campus programming.
- Technology Fee: Around $100-$200 per semester, contributing to the maintenance and upgrade of campus technology infrastructure.
- Meal Plan: Required for most on-campus residents, ranging from $2,000-$3,000 per academic year, depending on the chosen plan.
- Textbooks and Supplies: Budget $800-$1,200 per academic year for required course materials, which can vary significantly by major.
- Transportation: If not living on campus or relying solely on public transport, consider costs for personal vehicle use, parking permits ($100-$300 annually), or ride-sharing services.
- Health Insurance: If not covered by a parent's plan, students may need to purchase the university's health insurance plan, potentially costing $1,500-$2,500 annually.
- Personal Expenses: Allocate $1,000-$2,000 per academic year for toiletries, laundry, entertainment, and other miscellaneous personal needs.
Alumni Outcomes & Career Paths
Florida Memorial University (FMU) graduates enter a diverse job market, with career services aiming to connect students with opportunities in South Florida and beyond. While specific major employer lists are not publicly detailed, institutions like FMU often see alumni find roles within sectors prevalent in the Miami-Dade area, including healthcare, education, and hospitality. Graduates may also pursue opportunities in government and non-profit organizations. The university's focus on business, education, and aviation suggests potential career paths in fields like financial services, teaching, and aviation management. Companies such as Baptist Health South Florida, Jackson Health System, and Miami-Dade County Public Schools are significant employers in the region and likely hire FMU graduates. For those interested in aviation, proximity to Miami International Airport and Fort Lauderdale-Hollywood International Airport offers potential entry points into airlines, airport operations, and related logistics. Graduate school placement rates are not readily available, but FMU encourages further academic pursuits. Notable alumni include former NFL player T.J. Roulhac and civil rights activist Reverend Dr. C.T. Vivian, showcasing a legacy of impact. FMU's career services department offers resume building, interview preparation, and job fairs, striving to enhance internship pipelines and post-graduation employment. Internship opportunities are often facilitated through local partnerships, providing practical experience in fields relevant to student majors. Geographic hiring patterns tend to favor the South Florida region due to established alumni networks and local industry connections, though graduates do find positions nationally.
Campus Life & Culture at Florida Memorial University
Florida Memorial University serves a diverse student body, with a significant percentage identifying as African American, reflecting its HBU mission. The student population is largely drawn from Florida, but also includes students from across the United States and internationally, creating a rich tapestry of backgrounds. Students who thrive at FMU are typically those who value community, seek a supportive academic environment, and are eager to engage in campus life and leadership opportunities.
Florida Memorial University, nestled in Miami Gardens, offers a vibrant campus experience deeply rooted in its identity as a historically Black university (HBU). The 'vibe' here is one of community, pride, and a strong sense of belonging. Students often describe FMU as a close-knit family, where professors know you by name and support is readily available. The campus itself, with its tropical South Florida setting, provides a warm and inviting atmosphere. Social life often revolves around campus events, step shows, and gatherings that celebrate Black culture and heritage. The Student Government Association and various clubs and organizations are very active, offering opportunities to engage in everything from academic clubs to service organizations and cultural groups. While Greek life is present and a significant part of the social fabric for many, it's not the sole focus, and there are plenty of avenues for involvement outside of fraternities and sororities. Athletics, particularly basketball and football, are a source of school spirit and community engagement, with Lions games drawing enthusiastic crowds. Housing is available on campus, providing a convenient way to immerse yourself in the FMU community. Dining options are centered around the university cafeteria, offering a range of choices to fuel students through their academic endeavors. Expect a lively atmosphere during homecoming, which is a major event filled with traditions, alumni engagement, and spirited celebrations. The proximity to Miami also offers students opportunities to explore the wider cultural and entertainment scene of South Florida, balancing campus life with the excitement of a major metropolitan area.
Campus Highlights
- Historically Black University (HBU) Identity: A strong sense of community, cultural pride, and heritage is central to the FMU experience.
- South Florida Location: Proximity to Miami offers access to diverse cultural experiences, internships, and a vibrant urban environment.
- Close-Knit Community: Students often describe a family-like atmosphere where faculty and staff are invested in their success.
- Focus on Leadership and Service: The university's mission emphasizes developing students into leaders who contribute to society.
- Lively Campus Events: Regular social gatherings, step shows, and cultural celebrations foster a dynamic student life.
- Athletics: The Lions' sports teams are a source of school spirit and community engagement.
- Tropical Campus Setting: A pleasant, warm climate and lush surroundings contribute to a welcoming campus atmosphere.
Location & Regional Advantages
Florida Memorial University's location in Miami Gardens, Florida, offers a dynamic and diverse regional advantage. Situated within the bustling Miami-Dade County, students benefit from proximity to a major metropolitan area with a robust economy. The local job market is strong, particularly in sectors like healthcare (e.g., Baptist Health, Jackson Health System), tourism and hospitality (numerous hotels and resorts), finance, and international trade, given Miami's status as a gateway to Latin America. The cost of living in Miami Gardens is generally more affordable than in prime Miami Beach or downtown Miami, though still reflects a major urban area. Proximity to industry hubs is excellent; Miami International Airport and PortMiami are significant economic engines, offering opportunities in logistics, aviation, and international business. The quality of life in South Florida is a major draw, characterized by warm weather year-round, vibrant cultural scenes, diverse culinary options, and extensive recreational activities including beaches and parks. While urban areas can present safety concerns, Miami Gardens, like many cities, has varying neighborhood safety profiles. This location provides a rich environment for internships and networking, particularly for students in business, aviation, and international relations programs. The strong presence of multinational corporations and a growing tech sector also present emerging career opportunities for FMU graduates.
How to Get Into Florida Memorial University
Florida Memorial University, with an admission rate of 85.3%, is a school where a strong high school record and genuine interest can significantly enhance your application. While standardized test scores are not a primary focus (as indicated by N/A for SAT/ACT averages), a solid GPA and a challenging high school curriculum are important. The admissions committee likely values applicants who demonstrate a commitment to community, leadership, and a desire to contribute to the FMU environment. Essays are a key opportunity to showcase your personality, aspirations, and how you align with the university's mission as an HBU. Consider topics that reflect your resilience, your passion for a particular field of study, or your experiences that have shaped your perspective. Demonstrated interest can be shown through attending virtual or in-person information sessions, engaging with admissions counselors, and visiting campus if possible. Early Action (EA) or Early Decision (ED) are not explicitly detailed, but applying earlier in the cycle is generally advisable to ensure full consideration for both admission and scholarships. The timeline recommendation is to aim for submission of your application, transcripts, and any required essays by late fall (November-December) for the following academic year's admission, especially if you are seeking institutional scholarships. Focus on presenting a well-rounded profile that highlights your academic potential and your fit with FMU's unique culture and mission.
How Florida Memorial University Compares to Similar Schools
Similar schools: Barry University, St. Thomas University, University of Miami (for specific programs), Florida International University (as a public alternative)
Advantages
- Stronger focus on HBCU experience and community
- Potentially more personalized attention due to smaller class sizes
- Unique aviation program offerings
Disadvantages
- Lower median graduate earnings compared to some peers
- Lower graduation rates compared to many institutions
- Less extensive alumni network and national brand recognition
Best For
- Students seeking a high graduation rate and lower debt should consider other options.
- Prospective students interested in a diverse student body may find FMU suitable.
Avoid If
- Students looking for a high ROI and strong job placement should avoid FMU.
- Those seeking a small, private university in Florida may find FMU a good fit.
Frequently Asked Questions about Florida Memorial University
How much does it cost to attend Florida Memorial University?
In-state tuition at Florida Memorial University is $20,174 per year, and out-of-state tuition is $20,174 per year. The median student debt at graduation is $30,063.
What is the acceptance rate at Florida Memorial University?
Florida Memorial University has an acceptance rate of 85.3%.
What is the graduation rate at Florida Memorial University?
Florida Memorial University has a graduation rate of 30.7%.
How much do Florida Memorial University graduates earn?
The median earnings for Florida Memorial University graduates 10 years after enrollment is $36,624. With median debt of $30,063, graduates earn roughly 1.2x their debt level annually.
How big is Florida Memorial University?
Florida Memorial University has approximately 1,183 students and is classified as a small institution. It is located in Miami Gardens, FL and is a Private Nonprofit institution.
Is Florida Memorial University worth the cost?
Florida Memorial University has an ROI score of -55 out of 100. With in-state tuition of $20,174 per year and median post-graduation earnings of $36,624, the data suggests the return on investment may be below average.
Where is Florida Memorial University located?
Florida Memorial University is located in Miami Gardens, FL. It is a Private Nonprofit institution with approximately 1,183 students.
How much student debt do Florida Memorial University graduates have?
The median student debt for Florida Memorial University graduates is $30,063. With median earnings of $36,624 ten years after enrollment, graduates can expect a debt-to-income ratio of 82%.
Is Florida Memorial University a good college?
Florida Memorial University has a graduation rate of 30.7% and median post-graduation earnings of $36,624. Low graduation rate of 30.68%
How does Florida Memorial University compare to similar colleges?
High median debt of $30,063 Compared to peer institutions, Florida Memorial University has a lower graduation rate and higher median debt, which may affect the value proposition for students.
What career prospects do Florida Memorial University graduates have?
Graduates may find career opportunities limited, especially in high-demand fields.
What should prospective students know about Florida Memorial University?
The college is positioned in a competitive market with other private non-profit institutions in Florida.
What makes Florida Memorial University stand out?
Median earnings 10 years after graduation are $36,624
What are the pros and cons of attending Florida Memorial University?
Admission rate is 85.26%
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View on College Scorecard (Dept. of Education)
Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.