Financial Aid FAQs

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How does financial aid work?

Our How Financial Aid Works Booklet provides you with valuable information about financial aid and student employment. Some of the highlights in this booklet include:

  • Financial planning
  • Information on maintaining your financial aid eligibility
  • What happens when your circumstances change
  • A glossary of financial aid acronyms and terms

You can also visit our Financial Aid TV for more information about financial aid, including short videos.

How do I get University of Miami need-based aid?

To be considered for UM need-based financial aid, you must file both the CSS Profile and the FAFSA (Free Application for Federal Student Aid). Visit our Applying for Aid page for more information.

What is the difference between the CSS Profile and the FAFSA?

  • CSS Profile is the College Scholarship Service, which is administered by the College Board to help universities determine eligibility for institutional need-based financial aid.
  • FAFSA is used to apply for federal student aid, such as federal grants, loans, and work-study programs. 

Could I apply for UM merit scholarships? 

There is no separate application required; applicants are automatically considered for an academic scholarship when they apply for admission to UM. UM awards merit scholarships to incoming undergraduate students based on their academic achievements. Visit our Scholarship FAQ page for more information.

How can I estimate my financial aid before applying? 

For an early estimate of your financial aid award, we encourage you to use UM's Net Price Calculator.

What is the difference between in-state and out-of-state tuition? 

Since UM is a private institution, tuition rates are the same for in-state and out-of-state students. You can visit our Tuition and Fees page for more information.

What financial aid is available to Florida residents?

There are both non‒need-based and need-based financial aid programs available to Florida residents, including Florida Bright Futures Scholarships and the Florida Student Access Grant (FSAG). Visit our Florida Aid Programs page for more information.

Does UM accept the Florida Pre-Paid College?

Yes, the Office of Student Account Services at UM has staff members who can answer any inquiries by phone (305-284-6430, Option 5), email (, or in person. Visit our Third Party/Outside Scholarships page for more information.

As an employee dependent of UM, do I need to complete the CSS Profile and the FAFSA?

If you wish to be considered for need-based assistance or federal loans, yes. Employee dependents should be sure to complete the Certification of Florida Residency so we can determine your eligibility to receive Florida-based aid. Visit our Florida Aid Programs page for more information.

What financial aid is available to international students and non-U.S. citizens?

UM has a limited amount of need-based financial assistance for international students. Interested applicants must submit the CSS Profile and the necessary documents by the stated deadlines. Visit our Applying For Aid page for more information.

Are DACA students eligible to receive financial aid?

DACA high school seniors and transfer students in the state of Florida are eligible to receive need-based aid through the U Dreamers Program. Visit our U Dreamers Program page for more information.

Why does UM require noncustodial parent information to determine eligibility for need-based institutional aid?

UM's financial aid policy begins with the premise that parents, even if they are divorced or separated, have the primary responsibility to contribute to their children’s college education costs to the extent that they are able before institutional need-based funds will be provided. In order to calculate an expected family contribution and determine a student’s financial aid eligibility, we require financial information from both natural parents and their current spouses. 

Will applying for financial aid hurt my chances of admission?

An applicant’s ability to pay for a UM education is not considered during the admission process. Since UM is need-blind when reviewing admission applications, your financial aid application has no effect on the Admission Committee’s decision. This policy applies to all candidates, regardless of their citizenship.

Do I need to reapply for financial assistance each year?

Yes, to be reconsidered for need-based financial assistance, you must submit the FAFSA application each year no later than April 15.

Could my financial aid change in future years? 

We reevaluate your financial need each year by carefully reviewing the updated application and recalculating the family contribution. Any changes in your family’s financial situation may alter your financial aid award. 

Will outside grants and scholarships affect my financial aid package?

Your financial aid package may be affected if:

  • The addition of your outside scholarship causes your award to exceed your demonstrated financial need
  • The addition of your outside scholarship causes your total award to exceed the standard cost of attendance

*Please note: Always check with the Office of Student Financial Assistance and Employment when adding any awards from outside agencies to find out the full impact of such awards on your UM financial aid award. Never assume that your original financial aid award will remain the same if new awards are added. We reserve the right to modify any financial aid award at any time due to changes in eligibility based on federal regulations and University policy. Visit our Terms and Conditions page for more information.

How do I notify UM about my outside scholarships?

If you are a recipient of an outside scholarship, send a copy of your scholarship award letter(s) to the Office of Student Financial Assistance and Employment at so it can be added to your financial aid award. Visit our Additional Scholarship Resources page for more information. 

How do I notify UM if I am no longer interested in being considered for need-based financial aid?

To update your financial aid interest, be sure to complete the Financial Aid Status Update Form.

If I miss the deadline, can I still apply for financial aid?

Even if you missed the deadline, you can still apply; however, you must be aware that you will be at a distinct disadvantage. Be sure to complete both the CSS Profile and the FAFSA as soon as possible.

If you are unable to find the answer to your financial aid question above, contact the Office of Student Financial Assistance and Employment directly at or 305-284-6000, Option 2. Visit our Student Financial Assistance and Employment page for more information to financial aid application requirements, deadlines, or expected costs