Financial Aid

With careful planning, studying abroad can be affordable!  Interested students should meet with a study abroad advisor before discussing financial aid options with the Office of Student Financial Assistance and Employment.

Most forms of financial aid are available to UM students studying abroad on UM programs. during the fall and/or spring semesters.

Aid during semesters could include:

  • Federal Grants
  • UM merit scholarships and grants
  • UM Employee Tuition Remission awards
  • State of Florida scholarship and grants
  • Veteran’s Educational Benefits
  • Federal Direct Student & Parent loans
  • Private Educational Loans
  • Most outside scholarships
Funding for summer Study Abroad programs is limited so students should consult with a financial aid advisor about this before applying for a summer program.

Non-UM students receiving financial aid from their home institutions should contact their financial aid office to determine if the aid is transferable.

Frequently Asked Questions (FAQs)

My study abroad program costs more than what it costs to attend the University of Miami. Can I get more financial aid to cover my study abroad costs? 
The Office of Student Financial Assistance and Employment can increase your Cost of Attendance according to the estimated program costs, so that you may apply for additional loan funds. The OSFAE will not offer or increase any grant or scholarship money that you are receiving.

What financial aid is available for the summer study abroad programs?
If eligible, federal Pell grants and loans are available for summer students enrolled half-time or more. The only State of Florida aid that can be used in the summer is the Florida Bright Futures scholarship program. In most cases, UM merit scholarships do not apply to summer study abroad.

I am going on a non-UM sponsored program. Can I still receive my financial aid?
No. The University does not offer financial aid for students participating in non-UM study abroad programs. No grants, scholarships or any student loans can be used for non-UM study abroad programs. Florida aid will also not be available for non-UM study abroad programs. 

What is the earliest that my financial aid can be released to me for my program?
Due to federal regulations, the OSFAE is unable to release any federal aid earlier than ten (10) days before the start of the semester at University of Miami. Florida state aid cannot be released until after the Add/Drop period is over each semester.

How will I receive my refund?
All financial aid will be applied to your student account at UM first. If there are remaining funds after your aid is applied to your student account, you will receive a refund. It is suggested that you sign up for direct deposit so that the funds will go directly into your account.

If you have additional questions concerning financial aid, please call the Office of Student Financial Assistance and Employment at 305-284-6000 or visit their office in the Whitten University Center, Suite 2275.
If you have questions concerning your refund or student account, please contact Student Account Services at 305-284-6430 option 5.