Types of Aid

• Accepted applicants who apply for institutional, need-based grants are required to submit a CSS Profile. Individuals who will be 26 years of age or younger as of December 31, 2024, will be required to provide parental information.
  • Click here to create a CSS profile
  • School Code: 5815
  • Applicants who submit a CSS Profile are automatically invited to submit related documents through the College Board’s Institutional Documentation Service (IDOC).  Accepted medical school students should not submit additional documents through IDOC unless the Office of Student Financial Assistance explicitly requests a document.  
  • Accepted applicants who qualified for an AMCAS fee-waiver may request a waiver for the cost of the CSS Profile by emailing medfinaid@miami.edu
• Applicants for institutional need-based grants will also need to submit their social security number. A link to a secure form will be provided to all accepted applicants.
• If admitted, students should complete the requirements to apply for institutional need-based aid as soon as possible, but no later than our priority deadline of February 15th. If admitted after February 15th requirements should be submitted within two business weeks of the date of acceptance.  
• Though the FAFSA (Free application for Federal Student Aid) is not required to apply for scholarships or institutional need-based aid, accepted applicants should submit a FAFSA to apply for federal student loan funds. More information about applying for FAFSA will be provided to accepted students.

Grad PLUS is typically used to help meet additional expenses not covered by other financial aid including the Direct Unsubsidized Loan. Important information to know includes:

• No annual limit, may borrow up to COA (cost of attendance each year minus other aid, including Direct Unsubsidized).
• 4.228% origination fee.
• Fixed interest rate changes on new loans each July 1, current 2023-24 rate is 8.05% (always 1% higher than Direct Unsub)
• 6 month post-enrollment deferment (similar to grace period).
• Interest accrues at disbursement and during school and deferment period after graduation.
• Multiple repayment and forgiveness provisions.
• Lender is the federal government.

The Federal Direct Unsubsidized Loan is the primary source of loan funding for medical students. Important information to know includes:

• Maximum $47,167 per year (based on 12-month budget).
• 1.057% origination fee.
• Fixed interest rate changes on new loans each July 1, current 2023-24 rate is 7.05%.
• 6 month grace period.
• Interest accrues at disbursement and during school and grace.
• Multiple repayment and forgiveness provisions.
• Lender is the federal government.

We award $2 million in scholarships and grants annually to students in the entering class. Individual awards can range from $10,000 to full tuition and fee coverage.

Merit Scholarships

Students demonstrating academic excellence throughout their educational career, including a high grade point average and/or MCAT score, are considered for merit scholarships. The Scholarship Committee will notify selected students.

Needs-Based Aid

The Miller School of Medicine awards need-based grants to students who demonstrate financial need.  Starting with applicants for the class of 2028, accepted students will complete a CSS-Profile as part of their application for institutional need-based aid.  Students accepted for the class of 2028 will receive additional information about steps to apply for institutional need-based grants.