Financial Aid Offer

Expected Family Contribution (EFC)

The Expected Family Contribution (EFC) is an eligibility index that institutions use to determine how much financial aid you would receive if you were to attend college. Your EFC is based on information provided on the Free Application for Federal Student Aid (FAFSA). Your EFC is the same no matter which school you attend and is calculated according to a formula specified by law.

Financial Need

Eligibility for need-based financial aid is calculated with this formula: COA - EFC = financial need.

Net Price

Your net price is the amount of direct and indirect costs remaining after all gift aid is applied. Net price can be covered through a variety of sources, including savings, income, payment plans, and education loans.

Awarding Process

Miami University’s financial aid is processed in the following manner:

  1. Scholarships are awarded to eligible students. No separate application is required.
  2. Federal Pell Grants are awarded to eligible students based on their Expected Family Contribution (EFC)
  3. If a FAFSA was filed by Miami's priority deadline, University-administered need-based aid, grants, and scholarships are awarded within the limits of available funds and eligibility criteria.
    • Federal Work-Study is awarded to eligible students with high financial need who filed their FAFSA by Miami's priority deadline and indicated on the FAFSA an interest in work-study.
  4. Federal Teacher Education Assistance for College and Higher Education (TEACH) Grant is awarded to eligible students meeting grant criteria.
  5. Federal Direct Loans are awarded to students/parents based on federal eligibility guidelines.

Financial Aid Offer Notification

First-year students

First-year students will receive an email with a link to their Financial Aid Offer on their Applicant Status page in mid-to-late March. Students receiving athletic scholarships will receive their financial aid offer by July 1. The financial aid offer includes all available funds. After confirming your admission to Miami, you can access your Financial Aid Offer in Banner 9 Self Service - Financial Aid.

Returning students

Returning students will receive an email with a link to their Financial Aid Offer in Banner 9 Self Service - Financial Aid around June 15. Students receiving athletic scholarships will receive their financial aid offer by July 1. Financial aid offers are packaged in June to allow for the posting of the current academic year's grades. The financial aid offer includes all available funds.

Confirmed and current students

Confirmed and current students with scholarships can review the scholarship renewability, the required cumulative grade point average (GPA), and the required major, on their Scholarship Offer.