Calendar GraphicStatus of Financial Aid Requirements

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Financial Aid Awards for Summer

Financial aid award information for summer will be available on BannerWeb by late April or early May. Students will receive an email notification to their Miami email account when their financial aid information is available.

2016-2017 Financial Aid Award Notices for Returning Students

Financial aid award information for returning students will be available on BannerWeb in early June. Students will receive an email notification to their Miami email account when their financial aid information is available.

Federal Verification

Federal Verification is a review process in which Miami University, as required by the U.S. Department of Education, must verify the accuracy of the information provided on a student's FAFSA. Approximately 30% of all FAFSAs are selected for verification, and the reason for selection can vary:

  • You can be chosen at random.
  • Your FAFSA contains estimated information.
  • Your FAFSA was incomplete.
  • There were inconsistencies found in the information you provided on the FAFSA.

Federal programs such as the Federal Pell Grant, Federal SEOG Grant, Federal Perkins Loan, Federal Work Study and the Federal Direct Subsidized Loan Program have strict eligibility requirements. University and state funding awarded based on need may also be affected.

Initial financial aid awards are based on the information we have on file for students by March 15. If the tax and household information differs from the information reported on the student's FAFSA, financial aid could be increased, decreased or canceled altogether.

All verification documents should be forwarded to the One Stop as soon as possible after they are requested. Failure to do so may result in reduction and/or cancellation of any need-based federal, state, or University-funded financial aid. Students will be notified via email if any other documents are needed.

Requirements for Verification for the 2015-2016 Academic Year

Schools are required to verify:

  • Number of household members
  • Number enrolled in college (excluding parents, number of household members attending a postsecondary educational institution at least half time)
  • Adjusted Gross Income (AGI) or income earned from work if income is below minimum required for income tax filing
  • U.S. income tax paid for the base year
  • Child support paid (for child not in household)
  • Receipt of SNAP benefits
  • Certain untaxed income and benefits, such as:
    • Untaxed IRA distributions
    • Untaxed pension distributions
    • Education credits
    • IRA deductions
  • Tax exempt interest

Most of these items are verified using your IRS tax information. If you and/or your parent (and/or spouse, if applicable) are not required to file a tax return for the year in question, you will indicate this on the Federal Verification Worksheet and list all sources of income received.

Dependent students are required to submit:

Independent students are required to submit: