Disbursements

All scholarships and grants on your Financial Aid Offer will be accepted automatically and applied to your account unless you notify the One Stop in writing to the contrary.

Upon your acceptance, Federal loans will pay to your account in accordance with federal regulations and Miami's disbursement schedule.

If your aid has disbursed prior to the beginning of school and you have received a refund as a check or a direct deposit for the excess financial aid, you can use those funds to pay for indirect education-related expenses such as books, supplies, and equipment, transportation, food and housing, or personal living expenses. Charge privileges are only available at an on-campus bookstore during the first week of school. Contact the One Stop to determine if you are eligible.

Disbursement Dates

Disbursement Holds

Aid disbursement may be placed on hold for a variety of reasons, including, but not limited to:

• Missing verification documents
• Missing documentation, such as your SSN card
• Entrance counseling not completed
• Missing Master Promissory Note
• Enrolled less than full-time (full-time is 12 or more credit hours for undergraduate students)

Review and complete any Unsatisfied Requirements and Holds on the Home tab in Banner 9 Self Service - Financial Aid.

Enrollment Freeze Dates

The freeze date is the point at which a student’s enrollment status is locked (or frozen) for financial aid purposes. This is the date when the Office of Student Financial Assistance reviews your actual enrollment for reporting and eligibility purposes. These dates are:

2025-2026 Academic Year: 

• Fall Semester: September 13, 2025
• Winter Term: January 8, 2026
• Spring Semester: February 13, 2026
• Summer Term: July 17, 2026

A student must register for all courses or make necessary adjustments for the semester prior to or during the last day to drop a class without a grade for full term courses. For example, if a student registered full time at the beginning of the semester and then dropped credits before the financial aid freeze date, the student’s financial aid is then revised to match their eligibility based on the number of credits enrolled in as of the Financial Aid Freeze Date and types of aid that were awarded. Credits added after the freeze date cannot be used to increase financial aid eligibility.

Students are notified of any changes made to their financial aid. Students can view their Financial Aid Offer by logging into Banner 9 Self Service - Financial Aid.