FINANCIAL ASSISTANCE

The Office of Financial Assistance Services administers federal, state, private and University financial assistance programs. Student employment, including the Miami Commitment Program, is managed by the Office of Student Employment.

FINANCIAL ASSISTANCE SERVICES

It is the purpose of the Office of Financial Assistance Services to provide needy and/or academically qualified students with financial aid in the form of scholarships, grants, loans and work programs to the extent that resources are available. In order to make the best use of limited funds, awards often consist of a combination of resources.

In addition, professional staff members are ready to help all students plan for the most efficient use of their financial resources for education.

Underlying the awarding of need-based financial assistance is the philosophy that the student and family have the primary responsibility for educational costs. Need-based financial assistance serves to supplement these primary resources.

  • Students who require financial assistance in order to attend the University should apply for assistance each academic year.
  • Candidates for admission should indicate their interest in financial assistance by checking the box provided for that purpose in the application for admission.
  • The U.S. Department of Education’s Free Application for Federal Student Aid (FAFSA) on the Web is used to determine eligibility for assistance based on need.  The FAFSA must be completed for each academic year.
  • Entering freshmen should submit their FAFSA so that it is received by the federal processor by the February 1 preference date.
  • Entering transfer and all graduate students should submit their regular or renewal FAFSA so that it is received by the federal processor by the March 1 preference date.
  • Continuing undergraduate students should submit their regular or renewal FAFSA so that it is received by the federal processor by the February 1 preference date.
  • Our office recommends the use of estimated financial information when completing the FAFSA on the Web in order to assure the February 1 preference date is met.  Any estimated information must be updated by the applicant using FAFSA on the Web once final figures are available.

Financial aid applications are accepted throughout the year but it is important to note that the appropriate preference date for receipt of aid applications must be met. A new FAFSA on the Web must be submitted for EACH academic year.