Manage Your Financial Aid

Once financial aid is offered, you may have to take steps to finalize it. Verification is a common review that, if selected, must be completed in order to finalize aid. There are also other instances that could impact a student’s eligibility for aid, including changes in their financial circumstances. Below you will find information you need to manage your aid
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Finalize Your Aid

When you receive your financial offer, review it carefully. There could be several steps that need to be completed to ensure that your aid will pay towards your bill before the start of each semester.

 

Federal Verification

Federal Verification is a review process in which Miami must verify the accuracy of the information provided on a student’s FAFSA. Students that are selected for the Verification process should complete the required forms as early as possible so that they are aware of any increases, decreases, or cancellations in aid before their bill is due. 

 

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Financial Aid Adjustments

A student’s financial aid offer may change based on, but not limited to, enrollment changes (add/drop classes), additional sources of financial aid, residency or campus changes, FAFSA adjustments, verification process, or housing plan changes. 

 

Satisfactory Academic Progress (SAP)

Students receiving federal financial aid are expected to maintain Satisfactory Academic Progress (SAP) toward completing their degree. Learn more about Miami’s SAP Standards and how to remain eligible for federal aid.

 

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Enrollment Change or Withdrawal and Impact on Financial Aid

Financial aid offers are based on full-time attendance for the fall and spring semesters. Before dropping a class to less than full-time enrollment,or deciding to withdraw from all classes, it is important to know how it will affect your aid. 

 

Appeals

Some students may find themselves in situations outside of the normal financial aid process. Appeals are available to assist, where the aid program allows. Each appeal is reviewed on a case-by-case basis on the merits of that appeal, available funding, and within the confines of regulations and comparative situations to ensure fairness and equity.