To receive financial assistance you must be fully admitted to an FIU degree program.
To receive need-based assistance you must complete and submit the Free Application for Federal Aid (FAFSA) online at www.fafsa.ed.gov. Completing the FAFSA correctly and submitting any requested document(s) by the annual priority deadline date, March 1st, increases your potential to receive the maximum financial aid for which you are eligible.
FIU'S INSTITUTION CODE: 009635
Calculate your Expected Family Contribution (EFC) – EFC Calculator
Recipients of federal loans must meet the following criteria:
- Completed Free Application for Federal Student Aid (FAFSA) Application for each academic year
- Demonstrate financial need;
- Be a U.S. citizen or eligible non-citizen;
- Be registered with Selective Service, if required;
- Admitted to a degree seeking program or an eligible certificate program;
- Be enrolled at least half time (6 credits/undergraduates-5 credits/graduates) when loan proceeds are received;
- Not be in default on a previous student loan or owe a repayment on a previous federal financial aid award received at any institution;
- Applicant cannot have an adverse credit history (for Graduate Plus loans only).
Additional requirements may apply depending on the aid programs awarded to you.
Subsidized – is awarded to student’s demonstrating a financial need as determined by the federal processor as a result of your FAFSA application. Your loan eligibility is also based on your academic level (see chart below). Interest payments on this loan is subsidized (you are not charged interest) by the federal government while you are in school or during authorized periods of deferments. You begin repayment six months after you graduate or stop attending at least half-time.
Unsubsidized – a student does not have to demonstrate financial need to receive this loan. You may borrow the cost of attendance minus all financial aid awarded and based on your academic level (see chart below). Interest payments on this loan are not subsidized by the government. You can choose to pay the interest while you are enrolled fulltime or it can be accrued and added to the part of the principal of the loan that you owe. You begin repayment six months after you graduate or stop attending at least half-time.
Graduate Plus - Graduate students are now eligible to borrow under the PLUS loan program up to their cost of attendance minus other estimated financial assistance. Students need to first apply with the Department of Education to initiate the loan application process; the terms and conditions applicable to Parent Plus Loans also apply to Graduate Plus Loans. All Graduate Plus Loans are awarded to all graduate students who meet the eligibility requirement upon receipt of your financial aid award letter for each academic year. This loan is a credit-worthiness loan which will require a credit history approval. Interest Payments on this loan are not subsidized by the government.
Graduate Need Grant - awards based on financial need which do not have to be repaid.
- To be eligible applicant must have an EFC between 0 – 7500
- Must complete FAFSA by March 1st priority deadline
- Must be enrolled for at least 9 credits per semester for disbursement (Fall & Spring)
- NOTE: PMBA students that apply by the priority deadline (March 1st) are only eligible for disbursement in the first Fall semesters during the program due to number of enrollment credits per semester in the schedule.