Students from low-income families should file a FAFSA to see if they qualify for grants. Generally, students receive
grant funds in combination with loans or work-study.
Students with disabilities may also be eligible
for grants from the Bureau of Vocational Rehabilitation.
Once you have applied for financial aid, our
office will determine your eligibility and send out an award packet in the mail.
Need-based loans include the Federal Perkins
Loan and the Federal Direct Subsidized
Loan. The Federal Direct Unsubsidized
Loan and the Federal PLUS Loan are not based
on need. Our office will determine your eligibility
and will send you information about loans you
You may be offered work-study eligibility as
part of your financial aid package. This federally-funded
work program may lessen the amount of loans
in your package and give you the opportunity
to work on campus. If you are not eligible for
a work-study job paid from federal money, you
can still seek a regular campus job paid entirely
from university funds.
We compare the cost of attending
Miami University to your family's financial
situation to determine how much financial aid
you need. First, we determine your financial
need by subtracting your family contribution
from the estimated cost of attending Miami for
the year. Any family demonstrating need will be considered for need-based financial
aid. Non-need-based financial aid is available
Although family income is obviously an important
consideration, other factors are examined when
assessing family contribution. These factors
include assets, family size and the number of
children in college. In addition to the parents'
contribution, the student's contribution includes
a portion of prior year earnings as well as
money from personal savings and assets.