|General Eligibility Criteria
All of the following criteria must be met:
|be accepted to the University of Miami and enroll in an eligible degree program|
|be a U.S. citizen or an eligible non-citizen|
|register with the Selective Service system if you are a male between the ages of 18 and 24|
|make satisfactory progress toward a degree or completion of a recognized certificate program|
|not owe repayment on a Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), or a state grant at any institution|
|not be in default/delinquent on any Perkins Loan, Federal Direct Subsidized or Unsubsidized Loan, or PLUS Loan at any institution|
|not have borrowed in excess of the limits for the Perkins or Federal Direct Subsidized or Unsubsidized Loan programs|
|not have been convicted as an adult of possessing or selling illegal drugs|
|Prospective and Continuing Students
To be considered for federal and state need-based aid, the following must be completed:
|If a prospective student or a student seeking readmission, apply to the University as a degree-seeking student|
|Complete the FAFSA Online
Federal School Code is 001536
Create an FSA ID and Password at fsaid.ed.gov.
FAFSA may be completed as early as January 1, but before the preferred filing deadline of April 15 for graduate students. Students applying after the preferred date will be awarded on a funds available basis.
|Accept/Decline Aid in CaneLink
Students will be awarded financial aid based on an estimated full time cost of attendance assuming the annual per credit cost of tuition for nine credits per term. Before the start of the term the Office of Financial Assistance will adjust each student’s Cost of Attendance based on their actual tuition charges and if necessary reduce their financial aid.
If a student registers for additional courses and needs an increase in their loans they can request this in writing by emailing our office at firstname.lastname@example.org from their UM e-mail address.
|Complete Master Promissory Note and Entrance Counseling
These requirements must be completed via www.studentloans.gov. Note that "Financial Awareness Counseling", which provides tools and information to help students understand financial aid and manage their finances, does not meet the federal requirements for completing the Entrance Counseling.
Your completed FAFSA will be reviewed to determine your financial need. Financial need is the remaining balance once the estimated family contribution has been subtracted from the cost of attendance:
|Cost of Attendance (COA)
Includes tuition, fees, on and off campus room and board costs, and additional allowance for books, supplies, transportation and personal expenses.
|Estimated Family Contribution (EFC)
Independent graduate students' families include the student, spouse, and dependent children if applicable.
To qualify for a summer loan, in addition to the steps above, students must be enrolled in summer classes. Your aid eligibility will then be determined and posted in CaneLink.