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General University Information
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 while they are candidates for admission.
• Candidates should indicate their interest in financial assistance application information 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.
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