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I'm changing my enrollment. What will that do to my financial aid?

When we develop your financial aid package, we assume that you will attend Miami as a full-time student for the fall and spring semesters.

You must inform us in writing of any change in your enrollment. If you drop from full-time enrollment to less than full time, your eligibility for aid may be reduced. Usually, you must be enrolled for at least six hours to be considered for any type of aid. If you need to change your enrollment, you can complete a Student Information Form.

If you change your enrollment prior to the end of the drop/add period, your grant and loan eligibility will be recalculated based on the information you submit. You will receive an email indicating a revised award notification can be viewed on BannerWeb listing changes in your aid package.

At the end of the drop/add period, your financial aid will be frozen to reflect your enrollment as of that date. Be sure you are enrolled for all the classes you intend to take for the semester. Your financial aid will not be adjusted after the end of the drop/add period.

When a student withdraws completely from the University during a semester, the Office of Student Financial Assistance is required to calculate the amount of federal Title IV financial aid the recipient has earned for the semester. This formula is provided by the U.S. Department of Education. The Office of the Registrar will inform the Office of Student Financial Assistance of the date the student notified Miami of the intent to withdraw. This date is used to calculate aid eligibility. For information regarding the effects of withdrawing on state and university aid, please refer to the financial aid award notification.

If you are thinking about withdrawing, please contact our office for an estimate of how it will affect your financial aid.

Keep in mind that if you drop a class or withdraw from the university after the end of the drop/add period, you may risk suspension of your financial aid in future academic years. See Standards of Satisfactory Academic Progress for more information.

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