Who Receives Need-Based Financial Aid?

To determine who receives need-based financial aid, we first calculate how much financial aid you need. We do this by subtracting the amount your family will be expected to contribute (EFC) according to the results of your Free Application for Federal Student Aid (FAFSA) from the cost of attending (COA) Miami University for the year:

Cost of Attendance (COA) minus Expected Family Contribution (EFC) equals Financial Need.

Any family demonstrating need in this way will be considered for financial aid.

What is Expected Family Contribution?

Although family income is obviously an important consideration, many factors are examined when assessing what your family can afford to contribute. These factors include assets, family size, and the number of children in college.

What is being measured is your family's financial strength. Miami expects students and parents to be in this together; the expected family contribution includes contributions from both the student and the parents. In addition to the parents' contribution, the student's contribution includes a portion of prior year earnings as well as money from personal savings and assets.