Effective beginning Spring Semester 2015, the University of Miami will no longer participate in non-UM consortium agreements; therefore, there will be no financial aid available for these programs
Financial Aid Census Date
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:
CSS / Financial Aid PROFILE Required for New Freshmen and Transfer Applicants Entering for the 2014-2015 Academic Year to Apply for Institutional Need-Based Financial Aid
The University of Miami will begin requiring Undergraduate students entering the University during the Fall 2014 and later (including readmitted students) to complete the CSS / Financial Aid PROFILE each year in order to be considered for institutional need based financial assistance. The application may be completed online at profileonline.collegeboard.org. The University of Miami school code is 5815.
In addition, the Free Application for Federal Student Aid (FAFSA) should be completed in order to determine eligibility for Federal Student Aid.
Federal Direct Loan Interest Rates Changes
Effects of Sequester on Federal Direct Loan Origination Fees
Time Limitation of Direct Subsidized Loan Eligibility for First-Time Borrowers Effective July 1, 2013
Lifetime Limit to the Federal Pell Grant Program Beginning 2012-2013
Effective beginning the 2012-2013 award year a student’s eligibility for receiving the Federal Pell Grant will be limited to 12 full-time semesters (or its equivalent). This change applies to all Federal Pell Grant eligible students. It is not limited to students who receive their First Federal Pell Grant on or after 2008-2009 award year. We will calculate the Pell Grant duration for a student by adding together each annual percentages of a student’s scheduled award that was actually disbursed to the student. For example, a student whose 2011-2012 Federal Pell Grant award was $5,550, but who received $2,775 because she was only enrolled for one semester, will have used 50% of that award year’s schedules award. Similarly, a student who was enrolled three quarter time (9 credits) for the 2011-2012 award year would have used 75% of their scheduled award. www.studentaid.ed.gov/pell-limit
|Our office awards financial assistance for Undergraduate and Graduate students. The University of Miami Law School and the Miller School of Medicine each have their own office of financial assistance to assist students in applying for and receiving financial aid.
We communicate with our students mainly through the CaneLink system regarding any information we might need in order to complete the financial aid process so it is very important that students visit the financial section of their CaneLink account often and their University of Miami e-mail address.
|For questions about billing and payments, visit the Office of Student Account Services in room 158 of the Ashe building.|
|For information regarding the admissions process visit the Office of Undergraduate Admission.|
|Our Student Consumer Information can be viewed at www.miami.edu/hea.|
|Click here to review our Non-Discrimination Policy|