Terms and Conditions

All terms and conditions are subject to change based upon revision to regulations by the U.S Department of Education; and/or revisions to the policies and procedures of the University of Miami.


The University of Miami Office of Student Financial Assistance and Employment communicates with students by email. Students are responsible to monitor their CaneLink account and for checking their email account regularly. If a student misses an important deadline or loses eligibility because they did not resolve an outstanding issue, they cannot hold the Office of Financial Assistance Services at fault.

Estimated Financial Aid Awards

The students’ award may be “ESTIMATED” due to a variety of issues that will require resolution before their financial aid can be disbursed. The student will monitor any outstanding requirements on CaneLink and submit the necessary documentation as soon as possible. The student understands that if they fail to complete the financial aid process their financial aid eligibility may be affected or that they may not be eligible for a variety of funds that they may have received in previous years. Students understand that if the information submitted on their application is conflicting, it will/may change their financial aid award based on new information.

Financial Aid Over-Awards

The total of all aid (loans, scholarships, tuition waivers, etc.) must not exceed the students' total cost of attendance. The student must understand that their eligibility may change if they receive funds from another source that is not included on their initial financial aid award. They must also understand the financial aid office will communicate with the changes and that they are required to review CaneLink frequently to understand how their award may have been affected.

Outside Scholarship

The student must understand that if they receive an outside scholarship or institutional awards/scholarships that their award may be affected. The student will need to submit all information from the scholarship agency to the Office of Student Financial Assistance and Employment as soon as they are notified that they will be receiving additional funds. Loans may be adjusted at any point an over-award. A student's total aid cannot exceed the cost of attendance. Any scholarship funding received is included in the students' total aid amount. 

Federal And Institutional Work Study Programs

The student must understand that there are a variety of work study (federal and institutional) positions available on and off campus. It is the student's responsibility to find a suitable employment opportunity that fits their needs, areas of interest and academic schedule. Once they find an employer(s), they understand that they must complete a work study authorization form, I-9 form, W-4 form and a direct deposit authorization before they can begin work. They understand that if Federal Work Study is awarded as part of their financial aid package, the amount indicated is the maximum amount they may earn during the academic year. They also understand that the amount awarded is not a guarantee of employment and that if they apply too late in the hiring season, they may not find a suitable position to take advantage of the work study program.

Summer Enrollment And Disbursement 

Summer aid is processed once the student is enrolled for the summer term. Only Graduate students enrolled at least half-time (3 credits or more) will be eligible to receive federal student loans. Financial aid for summer will disburse during the first week of the term in which the student meets the minimum required enrollment for the aid program. Students who are not enrolled for summer but wish to request Federal Work Study for the summer term must submit a Summer Federal Work Study Appeal on our website. 

Satisfactory Academic Progress

The student understands that in order to be eligible for federal financial aid programs they must initially and continually meet satisfactory academic progress (SAP). University of Miami standards of SAP measure a student‘s academic performance both qualitatively and quantitatively by reviewing the following three areas of performance: completion rate for coursework enrolled, cumulative grade point average earned, and the maximum time frame to complete a degree. They understand that the Office of Student Financial Assistance and Employment is responsible for ensuring that they are meeting these minimum standards. The standards of SAP apply for all federal financial assistance programs.

They understand that if they fail to meet the minimum requirements to be eligible for financial aid, they will lose their eligibility at the end of the period of review. They will have the opportunity to appeal the loss of their financial aid; and if the appeal is approved, they will have one semester to improve their GPA and completion rate. They also understand that if their appeal is denied, there is no further recourse to reinstatement of their financial aid at this time. For further information on Satisfactory Academic Progress, please click here.

Withdrawal Or Leave Of Absence 

The student understands that financial aid funds are awarded with the expectation that they will complete the entire period of enrollment. They earn a percentage of funds that are disbursed based on the last day of attendance. If they decide to leave school before the end of the semester or designated period of enrollment, they understand that federal regulations require University of Miami to calculate the percentage and amount of “unearned” financial aid funds that must be returned. If they complete more than 60% of the enrollment period, they will have earned all of their eligibility for that period. They understand that this calculation may require them to repay funds to UM that have already been disbursed or credited to their student account.

Federal Direct Student Loans

The student understands that if they are awarded Federal Loans that they must complete an Entrance Counseling session and Master Promissory Note at http://studentloans.gov. They also understand that they must be enrolled at least half time, be making satisfactory academic progress and meet all regulations that are required of them to receive their loan proceeds.

Reconsideration Of Financial Aid Awards

The student understands that they have the opportunity to appeal some financial aid decisions. If they wish to request a reconsideration of the financial aid, they must submit a request to gradprof.finaid@miami.edu with supporting documentation of their situation. They understand that only certain circumstances can be evaluated such as loss of income, unusual medical expenses (not premiums), separation/divorce of parent’s, death of a family member, non-discretionary expenses incurred by the family.

Full Ride Scholars

The student understands that if the total amount of their scholarship exceeds the total amount of tuition, fees and books for the calendar year, it is their responsibility to claim that untaxed income on the applicable Federal Tax Return. They understand they must consult a tax advisor regarding their reporting responsibility. They understand that scholarships are not taxable as long as they do not exceed expenses incurred for tuition, fees and books (not including room and board). They are responsible for determining whether the total amount of all scholarships received is greater than the total of their mandatory charges. If they have questions, they will review Publication 970 of the IRS code if they have questions about this tax filing requirement.