Applying for FAFSA

  1.   The preferred FAFSA filing dates are February 1 for incoming freshmen, February 1 for continuing students, and March 1 for incoming transfer students. A student whose FAFSA is received after the preferred date is awarded financial assistance on a funds-available basis. 
  2.   Students are encouraged to file the Free Application for Federal Student Aid (FAFSA) electronically at FAFSA on the Web.
  3.   Complete the FAFSA using information from an actual U.S., Puerto Rican, or foreign tax return, or if necessary, using estimated information that is as accurate as possible. Do not leave any blanks on the FAFSA. Inaccurate information on your FAFSA may delay receipt of federal student aid. Also, you will be required to return federal aid you improperly received based upon incorrect information.
  4.   On the school release section of your FAFSA, please indicate: University of Miami, Coral Gables and its Institution Code: 001536.
  5.   When completing the FAFSA, remember to include all asset information, such as business equity, stocks, bonds, real estate (not including primary residence) and other investments.
  6.   Remember that you must apply for financial assistance each year. The FAFSA becomes available online each year on January 1.
 

Applying for CSS / Financial Aid PROFILE

  7.   The CSS / Financial Aid PROFILE is only required of new freshmen and transfers to be eligible for institutional need–based financial aid.
  8.   The preferred filing deadline for the PROFILE is November 8th, 2013 for early decision applicants, February 1 for early action and regular decision applicants, and March 1 for transfer applicants.
  9.   Please be sure to include the University of Miami in the school release section, Institution Code: 5815
  10.   When completing the CSS / Financial Aid PROFILE, remember to include all asset information, such as business equity, stocks, bonds, real estate, and other investments.
  11.   The University of Miami does require the Noncustodial Parent PROFILE for students with noncustodial parents. We will not be able to award institutional need-based financial aid unless this requirement is satisfied.
  12.   Submit your PROFILE and, if required, Noncustodial PROFILE early as institutional need based funding is limited and the award you receive will be your award for the four years of your undergraduate career (five years if you are enrolled in a specially designated five year program).
  13.   If you are unable to submit the Noncustodial Parent PROFILE please contact the Office of Financial Assistance

Applying for Loans

  14.   Federal Stafford Loans, Federal Perkins Loans, and Federal Nursing Loans are awarded to students based on their FAFSA applications.
  15.   All first-time borrowers that have accepted a Stafford Loan are required to complete a Master Promissory Note and Entrance Counseling at www.studentloans.gov. We encourage you to complete the Master Promissory Note and Entrance Counseling online before arriving at the University of Miami.
  16.   First time borrowers of a Perkins Loan must complete a Master Promissory Note at www.ecsi.net/promf9.

Miscellaneous Tips

  17.   Keep copies of all forms you complete including the FAFSA and tax returns. Also, please respond to any requests for additional information promptly to avoid any delays in the processing of financial assistance.
  18.   Make sure to identify any additional information submitted with the student's name and UM ID number.
  19.   Keep in mind all of the priority deadline dates for outside grants and scholarships for which you are applying.
  20.   If you are receiving an outside or departmental scholarship, notify the University of Miami’s Office of Financial Assistance Services (OFAS) by providing a copy of the scholarship award letter.
  21.   Students are expected to make satisfactory academic progress toward a degree or completion of a recognized certificate while receiving financial assistance.

 

 

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