Florida Memorial University

www.fmuniv.edu

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2023 Undergraduate Tuition

$14,274

13.5% growth from 2022

2023 Average Net Price

$18,366

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

74.3%

12,750 Applicants

2023 Enrolled Students

1,365

91.4% Full-Time

2023 Graduation Rate

27.6%

83 Graduates

About

Florida Memorial University is a higher education institution located in Miami-Dade County, FL. In 2023, the most popular Bachelors Degree concentrations at Florida Memorial University were General Business Administration & Management (21 degrees awarded), Criminal Justice - Law Enforcement Administration (19 degrees), and General Biological Sciences (14 degrees).

In 2023, 146 degrees were awarded across all undergraduate and graduate programs at Florida Memorial University. 60.3% of these degrees were awarded to women, and 39.7% awarded men. The most common race/ethnicity group of degree recipients was black or african american (84 degrees), 10.5 times more than then the next closest race/ethnicity group, hispanic or latino (8 degrees).

The median undergraduate tuition at Florida Memorial University is $14,274, which is $−15,006 less than the national average for Baccalaureate Colleges ($29,280).

In 2020 the default rate for borrower's at Florida Memorial University was 0%, corresponding to 0 out of the 428 total borrowers.

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2023, the median undergraduate tuition at Florida Memorial University is $14,274, which is $15,006 less than the national average for Baccalaureate Colleges ($29,280).

After taking grants and loans into account, the average net price for students is $18,366.

In 2023, 83% of undergraduate students attending Florida Memorial University received financial aid through grants. Comparatively, 55% of undergraduate students received financial aid through loans.

Tuition Costs

$14,274

2023 Undergraduate Tuition

In 2023, the cost of tuition at Florida Memorial University was $14,274. The cost of tuition at Florida Memorial University is $−15,006 less than than the overall (public and private) national average for Baccalaureate Colleges ($29,280).

This chart compares the tuition costs of Florida Memorial University (in red) with those of other similar universities.

Average Net Price

$18,366

2023 Value

12.3%

1 Year Growth

In 2023 Florida Memorial University had an average net price — the price paid after factoring in grants and loans — of $18,366. Between 2022 and 2023, the average net price of Florida Memorial University grew by 12.3%.

This chart compares the average net price of Florida Memorial University (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$10,080

Room and Board

$2,600

Books and Supplies

The average yearly cost of room and board at Florida Memorial University was of $10,080 in 2023. The cost of room and board increased by 5.95% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $2,600. The cost of books and supplies increased by 13% during the same period.

This chart compares the average student costs at Florida Memorial University (in red) with that of similar universities.

Financial Aid by Income Level

83%

Undergraduates Receiving Financial Aid through Grants

55%

Undergraduates Receiving Financial Aid through Loans

83% of undergraduate students at Florida Memorial University received financial aid through grants or loans in 2023. This represents a decline of 6.74% with respect to 2022, when 89% of undergraduate students received financial aid.

This chart compares the average award discount at Florida Memorial University (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Florida Memorial University was 0%, which represents 0 out of the 428 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Florida Memorial University received 12,750 undergraduate applications in 2023, which represents a 6.86% annual growth. Out of those 12,750 applicants, 9,475 students were accepted for enrollment, representing a 74.3% acceptance rate.

There were 1,365 students enrolled at Florida Memorial University in 2023.

Florida Memorial University has an overall enrollment yield of 4.84%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

74.3%

Acceptance Rate in 2023

9,475

Accepted Out of 12,750

In 2023, the undergraduate acceptance rate of Florida Memorial University was 74.3% (9,475 admissions from 12,750 applications). This is higher than the acceptance rate of 2022, which was 69.9%. Between 2022 and 2023, the number of applicants grew by 6.86%, while admissions grew by 13.6%.

This chart compares the acceptance rate of Florida Memorial University (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

0% of enrolled first-time students at Florida Memorial University in 2022 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Florida Memorial University had a total enrollment of 1,365 students in 2023. The full-time enrollment at Florida Memorial University is 1,247 students and the part-time enrollment is 118. This means that 91.4% of students enrolled at Florida Memorial University are enrolled full-time.

The enrolled student population at Florida Memorial University, both undergraduate and graduate, is 77% Black or African American, 4.03% Hispanic or Latino, 2.86% White, 0.586% Two or More Races, 0.147% Asian, and 0.0733% American Indian or Alaska Native.

Students enrolled at Florida Memorial University in full-time Undergraduate programs are most commonly Black or African American Female (43.6%), followed by Black or African American Male (32.9%) and Hispanic or Latino Male (3.7%). Students enrolled in full-time Graduate programs are most commonly Black or African American Female (33.3%), followed by Black or African American Male (31.3%) and Hispanic or Latino Male (4.17%).

Full-Time vs Part-Time Enrollment

91.4%

Full-Time Enrollment

The total enrollment at Florida Memorial University in 2023, both undergraduate and graduate, is 1,365 students. The full-time enrollment at Florida Memorial University is 1,247 and the part-time enrollment is 118. This means that 91.4% of students enrolled at Florida Memorial University are enrolled full-time compared with 78.8% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at Florida Memorial University (in red) compares to similar universities.

Retention Rate over Time

57%

2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Florida Memorial University was 57%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), Florida Memorial University had a retention rate lower than its peers.

This chart shows the retention rate over time at Florida Memorial University (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

Black or African American
1,051 enrolled students
Hispanic or Latino
55 enrolled students
White
39 enrolled students

The enrolled student population at Florida Memorial University is 77% Black or African American, 4.03% Hispanic or Latino, 2.86% White, 0.586% Two or More Races, 0.147% Asian, and 0.0733% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 53.2% White, 14.1% Hispanic or Latino, and 12.9% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 27 students (1.98%) did not report their race.

Graduates

In 2023, 30 more women than men received degrees from Florida Memorial University. The most common race/ethnicity group of degree recipients at Florida Memorial University is black or african american (84 degrees awarded). There were 10.5 times more black or african american recipients than the next closest race/ethnicity group, hispanic or latino (8 degrees).

The most common Bachelor's Degree concentration at Florida Memorial University is General Business Administration & Management (21 degrees awarded), followed by Criminal Justice - Law Enforcement Administration (19 degrees) and General Biological Sciences (14 degrees).

In 2023, the most specialized majors across all degree types at Florida Memorial University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Transportation (13 degrees awarded), Protective Services (19 degrees), and Legal (6 degrees).

Common Jobs by Major

Physicians

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Florida Memorial University are Physicians (433,082 people), Other managers (249,777 people), Elementary & middle school teachers (181,165 people), Postsecondary teachers (169,238 people), and Police officers (157,958 people).

The most specialized majors at Florida Memorial University in 2023 are Transportation (13 degrees awarded), Protective Services (19 degrees), Legal (6 degrees), Biology (14 degrees), and Psychology (13 degrees) (as of 2023).

Highest Paying Jobs by Major

Physicians

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Florida Memorial University are Physicians, Cardiovascular technologists and technicians, Photographic process workers & processing machine operators, Surgeons, and Aircraft pilots & flight engineers

The most specialized majors at Florida Memorial University are Transportation (13 degrees awarded), Protective Services (19 degrees), Legal (6 degrees), Biology (14 degrees), and Psychology (13 degrees) (as of 2023).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Florida Memorial University are Elementary & secondary schools (2,716,024 people), Justice, public order, & safety activities (373,688 people), Colleges, universities & professional schools, including junior colleges (239,739 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (168,060 people), and Individual & family services (160,744 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Florida Memorial University.

Most Common (2023)

General Business Administration & Management
21 degrees awarded
Criminal Justice - Law Enforcement Administration
19 degrees awarded
General Biological Sciences
14 degrees awarded

In 2023, the most common bachelors degree concentration at Florida Memorial University was General Business Administration & Management with 21 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Florida Memorial University according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2023

Degrees Awarded to Women

in 2023

In 2023, 58 degrees were awarded to men at Florida Memorial University, which is 0.659 times less than the number of degrees awarded to females (88).

This chart displays the sex disparity between the top 5 majors at Florida Memorial University by degrees awarded.

Most Common Male Majors

In 2023, 12 degrees were awarded to men at Florida Memorial University in General Business Administration & Management, which is 0.706 times less than the 17 female recipients with that same degree.

Most Common Female Majors

In 2023, 17 degrees were awarded to men at Florida Memorial University in General Business Administration & Management, which is 1.42 times more than the 12 male recipients with that same degree.

Time to Complete

21%

100% Completion Time

32%

150% Completion Time

In 2023, 21% of students graduating from Florida Memorial University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 32% completed their degrees within 150% of the normal time, and 33% within 200%.

The following chart shows these completion rates over time compared to the average for the Baccalaureate Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Two or More Races Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Florida Memorial University is Male and Two or More Races (100% graduation rate). Across all Baccalaureate Colleges, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 1.2% of graduates (1 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

Black or African American
84 degrees awarded
Hispanic or Latino
8 degrees awarded
White
2 degrees awarded

The most common race/ethnicity at Florida Memorial University is black or african american (84 degrees awarded). There were 10.5 times more black or african american recipients than the next closest race/ethnicity group, hispanic or latino (8 degrees).

1.37% of degree recipients (2 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

Black or African American Female
54 degrees awarded
Black or African American Male
30 degrees awarded
Hispanic or Latino Male
5 degrees awarded

The most common race/ethnicity and sex grouping at Florida Memorial University is black or african american female (54 degrees awarded). There were 1.8 times more black or african american female recipients than the next closest race/ethnicity group, black or african american male (30 degrees).

Operations

Florida Memorial University has an endowment valued at nearly $6.25M, as of the end of the 2023 fiscal year. The return on its endowment was of 6.07M (97%) compared to the 4.79% average return (2.46M on 51.4M) across all Baccalaureate Colleges.

In 2023, Florida Memorial University had a total salary expenditure of 48.3M. Florida Memorial University employs 20 Assistant professors, 17 Associate professors and 10 Instructors. Most academics at Florida Memorial University are Male Assistant professor (11), Female Associate professor (10), and Female Assistant professor (9).

The most common positions for non-instructional staff at Florida Memorial University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 40 employees, Office and Administrative Support, with 40 employees, and Service with 36 employees.

Endowment

$6.25M

2023 Endowment

22.5%

growth from 2022

Florida Memorial University has an endowment valued at about $6.25M, as of the end of the 2023 fiscal year. The endowment of Florida Memorial University grew 22.5% from the previous year. The value of their endowment was $45.2M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Florida Memorial University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Diverse Fields Carnegie Classification grouping.

Salary Expenditure

$12.2M

2023 Salaries

18.2%

decline from 2022

In 2023, Florida Memorial University paid a median of $12.2M in salaries, which represents 25.2% of their overall expenditure ($48.3M) and a 18.2% decline from the previous year. This is compared to a 7.15% growth between 2021 and 2022, and a 24.6% growth between 2020 and 2021.

The median for similar Baccalaureate Colleges is 15.7M (37.9% of overall expenditures).

Instructional Salaries

$3.24M

Instructional Salaries

Number of Employees

In 2023, Florida Memorial University paid a total of $3.24M to 50 employees working as instructors, which represents 26.6% of all salaries paid.

This is compared to a median of $552k (3.27%) for similar Baccalaureate Colleges.

Occupations by Share

Assistant professor

Most Common Instructor

20 Employees

Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media

Most Common Non-Instructional Employee

40 Employees

In 2023, the most common positions for instructional staff at Florida Memorial University were Assistant professor with 20 employees, Associate professor with 17 employees, and Instructor with 10 employees.

In 2023, the most common positions for non-instructional staff at Florida Memorial University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 40 employees, Office and Administrative Support with 40 employees, and Service with 36 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Assistant professor
Female Associate professor
Female Assistant professor

In 2023, the most common demographic for instructional staff at Florida Memorial University was Male Assistant professor with 11 employees, Female Associate professor with 10 employees, and Female Assistant professor with 9 employees.

This chart shows the sex split between each academic rank present at Florida Memorial University.

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