Financial Aid Office at Miami Dade
Costs & Financial Aid

Financial Aid FAQ

Should I apply for financial aid?

How is my financial need determined?

How do I apply for federal aid?

When do I get my Student Aid Report?

How much financial aid will I receive?

How do I make sure I keep all my financial aid?

Who is considered an independent student for financial aid purposes?

What kinds of documents are required to verify what is on my application?

When and how will I receive my financial aid?

Should I apply for financial aid?
Yes, apply even if you are not sure you will be eligible.  Even though many scholarships are based on merit, they still require that you apply for financial aid.  Further, apply even if you think your family’s income is too high, as eligibility determination is made based on many factors such as family size and the number of other students in college.  Also, by working with the Financial Aid Office, you’ll learn about other aid such as loans that are available regardless of income.

How is my financial need determined?
MDC uses a standard analysis provide by the federal government to determine your financial need. Your expected family contribution (EFC) is calculated based on your FAFSA. We subtract the EFC from the cost of attending MDC. The difference is your unmet financial need.

How do I apply for federal aid?
Complete the Free Application for Federal Student Aid (FAFSA). Apply electronically at www.fafsa.ed.gov.  This will reduce the time to get an answer.  You can also get a hard copy  from the Financial Aid Office. Since there is no application fee, it just makes sense to find out if you qualify.

When do I get my Student Aid Report?
After the U.S. Department of Education processes your FAFSA (which may take about four weeks) you will receive a Student Aid Report (SAR). The SAR will reflect the information from your application and, if there are no questions or problems, your SAR will provide your Expected Family Contribution (EFC).

How much financial aid will I receive?
If you are eligible, your financial aid is determined by the unmet need on your SAR.  Once an aid amount has been determined, the exact l amount you receive is pro-rated based on  the number of credits you take. If you register for at least 12 credits, you will receive the full amount.  Even if eligible, you must register for at least six credits per term to receive financial aid.  

How do I make sure I keep all my financial aid?
Students who complete the FAFSA correctly each year, earn satisfactory grades and enroll at least six credits per semester do not normally have to worry about losing the aid they have been awarded, unless their financial situation changes..

Who is considered an independent student for financial aid purposes?
You may be considered independent if you meet at least one of these requirements:

  • Will turn 25 by January 1 of the year you enter college
  • Veteran of the U.S. Armed Forces
  • Married
  • Ward of the court (or held that status until age 18)
  • Provided more than half the support for a legal dependent
  • Enrolled in a graduate or professional program

What kinds of documents are required to verify what is on my application?
MDC will need to see documents to support any information on the application. Be sure to keep a copy of your completed federal tax returns and W-2s used to complete the application.

When and how will I receive my financial aid?
Financial aid awards are normally released near the start of the semester. If eligible, your financial aid funds will be used to pay your tuition and fees first. After all your MDC bills are paid for the semester, any remaining aid will be issued to you on an MDC One Card.

Miami Dade College is an equal access/equal opportunity institution and does not discriminate on the basis of gender, race, color, marital status, age, religion, national origin, disability, veteran�s status, sexual orientation, or genetic information. Contact the Office of Equal Opportunity Programs/ADA Coordinator, at 305.237.2577 for information.