How To Apply Undergraduate All terms and conditions are subject to change based upon revision to regulations by the U.S Department of Education and Florida Department of Education; and/or revisions to the policies and procedures of the University of Miami.

Need-Based and Institutional Aid Eligibility
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
     
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  • have a high school diploma, GED certificate or have passed an 'ability to benefit' test
     
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  • register with the Selective Service system if you are a male between the ages of 18 and 24
     
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  • make satisfactory academic progress toward a degree or completion of a recognized certificate program
     
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  • not owe repayment on a Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), or a state grant at any institution
     
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  • not be in default/delinquent on any Perkins Loan, Federal Direct Subsidized or Unsubsidized Loan, or PLUS Loan at any institution
     
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  • not have borrowed in excess of the limits for the Perkins or Federal Direct Subsidized or Unsubsidized Loan programs
     
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  • not have been convicted as an adult of possessing or selling illegal drugs

    Students seeking a second bachelor’s degree are only eligible for the following Federal programs:
    Work-Study Perkins Loan* Federal Direct Subsidized/ Unsubsidized Loan* Parent PLUS Loan**

    *provided student has not reached aggregate maximum limit in any of the loan programs.
    **provided you are considered a dependent by the FAFSA application.
    For complete listing of educational loans eligibility requirements click here.

    Need Determination
    Your completed FAFSA and CSS / Financial Aid PROFILE 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:
     
    1.
    Cost of Attendance (COA)
    Includes tuition, fees, on and off campus room and board costs, and additional allowances for books, supplies, transportation and personal expenses.
     
    2.
    Estimated Family Contribution (EFC)
    A student’s family is expected to contribute to their education. A dependent student’s family includes parents and/or stepparents. Independent undergraduate students' families include the student and spouse, if applicable.
    (COA – EFC = Financial Need)

    Census Date (Fixed Enrollment)
    Effective Fall 2014, financial aid awards will be set according to a census date or date of fixed enrollment. All financial aid awards will be set according to the enrollment in effect at the close of business on the last day of the drop/add period each regular term semester. No adjustments will be made to the financial aid awards for any enrollment changes (increases or decreases) made after this date with two exceptions:
     
    a.
    Bright Futures awards will continue to be adjusted (increased or decreased) according to any change in the enrolled credits.
     
    b.
    The aid award package for students with federal financial aid and who completely withdraw (drop to 0 credits enrolled) will be adjusted according to the regulatory required “Return to Title IV Calculation.”


    Verification
    Verification is a federally mandated review process. The Office of Financial Assistance Services is required to obtain and compare information submitted on tax documents, the verification form and the FAFSA. Failure to submit requested documentation may result in cancellation of aid previously offered. Federal student financial assistance (e.g. Federal Pell Grant, Federal Direct Subsidized Loans, UM Grants, etc.) cannot be processed or credited to the student's account until the verification process is complete.

    Any differences between information entered on the verification form or other requested documents and the FAFSA will result in a new determination of financial need. This new determination of financial need may alter the student's financial aid awards and eligibility. Students will be notified by email when a revised award letter has been generated due to verification adjustments.

    Students will be notified by email if they are selected for verification, and must submit the verification form along with all required documents. A list of required documents will be available to students selected for verification in CaneLink on their “To Do List.”

    Note: Federal regulations require submission of IRS Tax Return Transcripts. These may be ordered at www.irs.gov or by calling 1-800-908-9946.


    Standards of Academic Progress (SAP)
    All University of Miami undergraduate students receiving financial aid through federal aid sources, including the Federal Direct PLUS Loan must maintain at least a minimum cumulative GPA and credit hour completion rate to receive financial assistance. Failure to meet these standard academic progress requirements may result in the cancellation/non-renewal of aid awarded.

    Policies and Procedures
    For the purposes of these policies, academic year is defined as Fall, Spring, and Summer semesters.
     
    1.
    Review and Notification
    In order to determine continued aid eligibility, the Office of Financial Assistance Services will review the academic progress at the end of each academic term for all undergraduate students receiving federal and institutional need-based aid, including the Federal Direct PLUS Loan; at the end of the sophomore academic year for all merit scholarship programs; and at the end of the each academic year for all Florida aid programs.

    Students who fail to meet standards will be notified in writing by email. If a student is placed on academic probation they will be eligible for financial aid during that probationary period. A student may receive probationary scholarship assistance only once.

     
    2.
    SAP Appeal
    A student may appeal a SAP determination that results in loss of aid by completing and submitting to the financial aid office an Academic Progress Appeal Form. Appeals may be granted only if the student failed to meet academic progress requirements as a result of an emergency and/or illness, and these circumstances must have occurred within the semester/academic year during which SAP requirements were not met. All appeals should be submitted no later than 30 calendar days from notice of ineligibility. All decisions made by the committee are final.

     
    3.
    Reinstatement/Restoration of Aid
    Reinstatement of aid may be obtained by earning additional University approved credits, achieving the indicated percent completion standard, or successfully appealing.

    Recipients of the Florida Bright Future programs who do not receive any scholarships for the period of one academic year may apply for reinstatement of aid through the Florida Department of Education Office of Student Financial Assistance (OSFA) website at www.FloridaStudentFinancialAid.org. Florida Academic award recipients who fail to achieve a 3.0 institutional average, but achieve at least a 2.75 institutional average will renew at the lower Florida Medallion amount. Bright Future eligible recipients who graduated from high school in 2009-2010 and thereafter who fail to achieve a minimum 2.75 institutional GPA and became ineligible during their first year of funding may apply for restoration in an academic year after which the 2.75 institutional GPA requirements were met. (The 2.75 institutional GPA must be met before the fall term for which the student is applying.) The student must complete a Reinstatement/Restoration application available on the Florida Department of Education Office of Student Financial Assistance (OSFA) website at www.FloridaStudentFinancialAid.org. Students who do not meet the minimum earned hours requirement during any academic renewal period or who fail to meet the minimum institutional GPA requirement after their first year of funding will not be permitted a restoration opportunity.


    Federal and Institutional Need-Based Aid Academic Requirements
    Applies to undergraduate students receiving federal and institutional need-based aid.

      Credit Completion

    Minimum Cumulative GPA based on Credit Hours Earned


    1. Effective Fall 2014, must earn 67% of the total credit hours attempted during his/her overall academic career. Rounding does not apply.


    0 – 32


    1.7


    - Undergraduate and graduate credits cannot be combined to meet standard


    33 – 64


    1.8


    - Withdrawals, incompletes, audits, NG (no grade,) and Fs are attempted but not earned hours.


    0


    0


    - ­Transfer credits are counted in the calculation, but not in a cumulative GPA.


    65 – 96


    1.9


    2. Degree must be completed within 150% of normal completion as determined by the school or college catalog


    97+


    2.0


    Probationary Period

    Federal and institutional need-based aid recipients will be placed on academic probation for one semester following notice of failure to meet SAP requirements. Failure to meet the requirements by the end of the probationary period will results in cancellation of aid.


    Scholarship Academic Requirements
    Applies to undergraduate students receiving academic scholarships except Ronald A. Hammond Scholarship. Ronald A. Hammond Scholarship recipients should contact the Office of Academic Enhancement to review their contract renewal terms.

      Credit Completion

    Minimum Cumulative GPA based on
    Credit Hours Earned

    1. At least 24 credit hours each academic year (minimum of 12 each semester.)
    2. At least 12-credit hours for full-time students enrolled for only one semester. ­
    - Withdrawals, incompletes, audits, and Fs are attempted but not considered earned hours.
    3. Only credits taken at UM count towards these requirements.


    3.0 per academic year


    Probationary Period
    Merit scholarship recipients whose cumulative GPA is between 2.70 to 2.99, or have not completed 48 credits by the end of their sophomore year will be placed on a one-year academic probation period during their third year. Failure to raise the cumulative GPA to 3.0 while completing 24 credits at the end of the probationary period will result in loss of scholarship for the fourth year of attendance. Students whose cumulative GPA falls below 2.70 or fails to complete the 48-credit requirement by the end of their sophomore year will not be placed on academic probation and will have scholarship automatically rescinded.

    Transfer students receiving a UM academic scholarship that fail to meet the SAP requirements at the end of their first academic year may be placed on a one-year probationary period. A student that fails to meet the SAP requirements at the end of the fourth semester loses eligibility for the award.


    Florida Aid Academic Requirements


      Credit Completion

    Minimum Cumulative GPA based on Credit Hours Earned

    1. At least 24 credit hours each academic year
    (minimum of 12 each semester.)
    2. At least 12-credit hours for full-time students
    enrolled for only one semester. ­
    - Withdrawals, incompletes, audits, and Fs are attempted
    but not considered earned hours.
    3. For BFRAG and FSAG students, Classes taken in the
    previous summer may be included in calculating
    the completed hours
    4. Part-time Bright Futures recipients must earn a prorated
    number of credit hours as follows:

    • Bright Futures Scholarships:
    Florida Academic = 3.0 for full renewal; 2.75 for partial renewal (equivalent to FL Medallion amount)
    Florida Medallion = 2.75

    • FL Gold Seal Vocational = 2.75

    • William L. Boyd, IV, Florida Resident Access Grant (BFRAG) and Florida Student Assistance Grant (FSAG) = 2.0



      Student Funded (per term)

    Required Earned Hours (per term)


    12+ credits (Full time)


    12


    9-11 Credits (Three-Quarter Time)


    9


    6-8 Credits (Half Time)


    6