PDF How Financial Aid Works - University of Miami

How Financial Aid Works

O F F I C E O F S T U D E N T F I N A N C I A L A S S I S TA N C E & E M P LOY M E N T ? F I N A I D. M I A M I . E D U

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How Financial Aid Works

5 Welcome to the Opportunity of Miami 6 Financial Aid Principles 7 Understanding Costs and Financial Eligibility 8 Sources of Assistance

? Gift Aid (Scholarships and Grants) ? Loans ? Student Employment

10 Ways to Reduce College Expenses 12 Qualifying for Financial Aid

? Satisfactory Academic Progress ? Repeat Coursework ? Merit Scholarship Renewal Requirements ? Federal and Institutional Need-Based Aid Academic

Requirements ? Florida Financial Aid Requirements ? Financial Aid Appeals

16 GI Bill, Veterans, and Yellow Ribbon Program 19 Glossary of Financial Aid Terms 23 Checklists

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WELCOME TO THE

Opportunity

of MIAMI

We are thrilled you have decided to join our vibrant and diverse academic community. The Office of Student Financial Assistance and Employment is here to partner with you and your family throughout your journey at UM and beyond. While at UM, you will enjoy unique opportunities to learn, grow, and make a real difference on campus, in the community, and in countries halfway around the world.

This handbook will provide you with valuable information about financial aid, including financial planning, student employment, maintaining your eligibility, what happens when your circumstances change, and a glossary of financial aid acronyms and terms. Our commitment to you is built on solid financial aid principles that will ensure that you are empowered to make the best possible decisions based on your family's financial circumstances.

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