Cost of Attendance (COA)
Non-traditional programs, such as Bachelor of General Studies or the Accelerated Bachelor of Science of Nursing programs, will reflect the actual tuition and fee charges and will also have an allowance for off-campus housing and meal costs, books and supplies, transportation and personal expenses.
A student’s total financial aid package may not exceed the cost of attendance.
Award Notification
Students will receive an email alerting them that their financial aid award has posted to their CaneLink account. You can view the award by clicking on “Go To Student Center” and then on “View Financial Aid.” You may accept/decline all or any portion of the award through your CaneLink account.
**NOTE: Financial aid eligibility will not be determined if any portion of the student’s financial aid application is incomplete. It will be important that students monitor and complete their financial aid To Do List items in a timely manner.
Renewing Your Financial Aid
Financial aid does not automatically renew at the start of a new academic year. In order to continue receiving federal financial aid all students must refile the FAFSA annually by the appropriate deadline date. Students must meet academic eligibility criteria each year.
Certificate and Non-degree Students
Students enrolled in certificate programs are not eligible for federal or institutional need based aid.
Students in these programs can apply for Private Education Loans through private banks or lenders. The University of Miami does not have a preferred lender list.
Standards of Academic Progress (SAP)
All University of Miami undergraduate students receiving financial aid through federal aid sources, must maintain at least a minimum cumulative GPA and credit hour completion rate to continue to receive financial assistance. Failure to meet these standard academic progress requirements may result in the cancellation/non-renewal of aid awarded.
Requirements:
- Must maintain a minimum institutional GPA of 2.0
- Students must earn 67% of the total credit hours attempted during his/her overall academic career. Rounding does not apply. Undergraduate and graduate credits cannot be combined to meet this standard. Withdrawals, incompletes, audits, NG (no grade) and F's are attempted but not earned hours. Transfer credits are counted in the calculation, but not in a cumulative GPA.
- Degree must be completed within 150% of normal completion as determined by the school or college catalog (example: Bachelor's degree = 120 credits; 150% rule = 180 credits).
Federal and institutional need-based aid recipients will be placed on a "warning status" for one semester following notice of failure to meet SAP requirements. Failure to meet the requirements by the end of the warning period will result in cancellation of aid.
