Types of Financial Aid
[Spanish Version]
Miami International University of Art & Design participates in federal, state, and other financial aid Programs.
Financial aid is divided into three general categories:
Gift Aid: These are grants, scholarships, and other benefits that do not have to be repaid. Most grants are based on financial need, as determined by federal calculations, and are given by the federal or state governments. Most scholarships are based on criteria such as grades, affiliations, or other determining criteria, and may or may not also include a financial need component; most benefits are based on a combination of criteria.
- Federal Pell Grant
- Federal SEOG (Supplemental Education Opportunity Grant)
- Academic Competitiveness Grant (ACG)
- National Science and Mathematics Access to Retain Talent Grant (SMART)
- Florida Postsecondary Student Assistance Grant (FSAG)
- Florida Bright Futures Scholarship Program
- Florida Access to Better Learning and Education Grant (ABLE)
- Art Institutes Scholarships
- Other Scholarships
- Vocational Rehabilitation
- Veterans Benefits
- Tax Benefits
Loans: Loans need to be repaid; however, repayment can usually be delayed until several months after the student leaves school. Some loans, such as Federal Stafford Loans and Federal Perkins Loans, are awarded to students in their own names. Some loans, such as Federal PLUS Loans are given to parents of dependent students. Some loans are based on the student's financial need; some loans require a credit check, and some loans are available regardless of income. There are also alternative education loans awarded by private lenders to students. Such loans may or may not require a cosigner.
- Federal Subsidized Stafford Loan
- Federal Unsubsidized Stafford Loan
- Federal PLUS Loan (Parent Loan for Undergraduate Students)
- Federal Perkins Loan
- Creative Education Loan
- Home Equity Loan
- International Student Loan Program
Work: Some students choose to work to assist with living expenses while attending school.
Miami International University of Art & Design assists students in finding part-time employment in the community and also provides a number of on-campus student jobs.
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