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 maintain all my financial aid?

Who is considered an independent student for financial-aid purposes?

What documents are required to verify my application information?

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, you will still need to apply for financial aid. You should also apply, even if you think your family's income is too high, because eligibility is based on many factors, such as family size and the number of other family members attending 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 the amount of aid has been determined, the exact 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 maintain all my financial aid?
Students who complete the FAFSA correctly each year, earn satisfactory grades, and enroll in at least six credits per semester, do not normally have to worry about losing the aid they have been awarded, unless their income 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:

  • You will turn 25 by January 1 of the year you enter college
  • You are a Veteran of the U.S. Armed Forces
  • You are married
  • You are a ward of the court (or held that status until age 18)
  • You provide more than half the support for a legal dependent
  • You are enrolled in a graduate or professional program

What documents are required to verify my application information?
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.

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.

 

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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.