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Receiving Aid

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Concurrent Enrollment

If you are a financial aid recipient at FIU and enroll for a course(s) at another institution, you may be eligible for an adjustment to your FIU financial aid award. Only course-work acceptable as transfer credits, towards completion of a degree at FIU, will be considered.

If you enroll for classes at Miami-Dade College or Broward College (or another institution) while enrolled less than full-time at FIU and wish to have those credits counted as part of your total enrollment for financial aid purposes, you must complete and submit a "Concurrent Enrollment Agreement", by the last day to pay for tuition and fees at FIU. Only coursework acceptable as transfer credit towards the completion of a Bachelor's degree at FIU and approved by an academic advisor will be considered.

Steps for Concurrent Enrollment Agreement

1. Complete a Transient Student Application at FloridaShines.org.

* When completing the Transient Student Application, in order for financial aid to be considered, you must make the appropriate selections on the application.

*If you are attending a University outside of Florida, then you must submit an official memo from your FIU academic advisor confirming that the transient courses are approved and will transfer over to FIU as credits towards your degree.

2. Register for your approved transient courses.

* Financial aid for approved courses cannot be released until after official enrollment has been reported. Enrollment is reported by the host institution to the Federal Clearinghouse a few business days after the last day of enrollment to add/drop a course(s).

3.  You must first pay for your transient course(s) in order for the home institution to validate and release any eligible aid.

4.  Before the last day to pay semester fees/tuition at FIU, submit the Concurrent Enrollment Agreement form to FIU Financial Aid Office with the appropriate documentation from the steps above.

Processing of Concurrent Enrollment Agreement

5.  After courses begin at FIU, your financial aid will automatically adjust for the FIU enrollment only. Any balance in your account that results from this automatic adjustment must be paid before the tuition payment deadline.

6.  After the host institution reports and confirms transient enrollment, then your FIU financial aid will be adjusted to reflect your overall concurrent enrollment and eligible award. Any refunds that result from this adjustment, will then be processed.

* A hold will be placed on your FIU account until the final step has been completed.

FINAL STEP AFTER COMPLETION OF CONCURRENT TERM

7.  After term grades have posted, you are to submit Official Transcripts from your host institution to your home institution to process your transfer credits. Once your transferred credits are processed by your home institution, you are to print and submit FIU Unofficial Transcript to the FIU Financial Aid Office, highlighting the applicable transferred course.

* Failure to follow these steps and failure to submit the appropriate documentation will result in cancellation of your financial aid.


Things to remember:

*Students CANNOT receive financial aid from two institutions at the same time. Students should only receive aid from their home institution, where they will receive their degree from. If a host institution has awarded you aid, then you must decline the award(s). Failure to adhere to these regulations will result in the cancellation of financial aid.

*Since you are concurrently enrolled for courses at FIU, your financial aid will automatically be adjusted to reflect your FIU enrollment when semester disbursements begin. If this adjustment decreases your aid eligibility resulting in an unpaid balance, then you are financial liable for payment until your Concurrent Enrollment Agreement is processed. Concurrent Enrollment Agreements will only be processed if all documentation is submitted before required deadline, and after host institution has reported transient enrollment to the Federal Clearinghouse. Once the Concurrent Enrollment Agreement is processed, eligible students may receive a refund for the revised amount that they are eligible for their total FIU and concurrent enrollment.

*All Satisfactory Academic Progress (SAP) criteria must be met and is applicable to aid awarded during concurrent enrollment. All transient courses must be transferred over to FIU and processed to reflect on FIU transcripts. If proof of course completion is not submitted after term grades post, then any allocated funds for the term are subjected to be cancelled and payable by the student to FIU.

*Bright Futures Scholarship recipients: Your scholarship disbursement amount will be contingent upon the rate per credit hour at the eligible host institution.

*Stafford Loan recipients: If requirements are met for a loan disbursement, your loan(s) may automatically disburse with FIU enrollment of at least half-time. 

Consortium (Transient) Enrollment

If you are enrolling at an institution other than FIU (your "home" institution) and you wish to receive financial aid, you must provide the following documentation to FIU Financial Aid Office.

Steps for Consortium Agreement

1. Complete a Transient Student Application at FloridaShines.org (only if you are attending another State university in Florida).

* When completing the Transient Student Application, in order for financial aid to be considered, you must make the appropriate selections on the application.

*If you are attending a University outside of Florida, then you must submit an official memo from your FIU academic advisor to confirm that the transient courses are approved and will transfer over to FIU as credits towards your degree.

2. Register for your approved transient courses.

* Financial aid for approved courses cannot be released until after official enrollment has been reported. Enrollment is reported by the host institution to the Federal Clearinghouse a few business days after the last day of enrollment to add/drop a course(s).

3. You must first pay for your transient course(s) in order for the home institution to validate and release any eligible aid.

4. Complete the Consortium Agreement: This FIU form is found online at onestop.fiu.edu/forms.

*Only the student section of this form is to be completed by the student, and then submitted to the FIU Financial Aid Office. The FIU Financial Aid Office will then request for the host institution to electronically complete the host section of this form.

*If the host institution does not participate in electronic certification for cost of attendance, then FIU Financial Aid Office will notify the student that their Consortium Agreement will need to be resubmitted. On occasion, The student will need to submit the Consortium Agreement form to a Representative from their host institution’s Financial Aid Office for them to complete the appropriate section of the form, and then the completed form will have to be submitted to FIU Financial Aid Office.

5.  After the host institution reports and confirms transient enrollment, then your FIU financial aid will be adjusted to reflect your enrollment and eligible award. Any refunds that result from this adjustment, will then be processed.

* A hold will be placed on your FIU account until the final step has been completed.

FINAL STEP AFTER COMPLETION OF CONCURRENT TERM

6.  After term grades have posted, you are to submit Official Transcripts from your host institution to your home institution to process your transfer credits. Once your transferred credits are processed by your home institution, you are to print and submit FIU Unofficial Transcript to the FIU Financial Aid Office, highlighting the applicable transferred course(s).

* Failure to follow these steps and failure to submit the appropriate documentation will result in cancellation of your financial aid.

 

Things to remember:


*All documentation must be submitted before completion of the term you are enrolled as a transient student. Please allow 3-4 weeks for Consortium transient Agreements to be verified and processed between both home and host institution after the add/drop date.

*Students CANNOT receive financial aid from two institutions at the same time. Students should only receive aid from their home institution, where they will receive their degree from. If a host institution has awarded you aid, then you must decline the award(s). Failure to adhere to these regulations will result in the cancellation of financial aid.

*Since you are enrolled for courses outside of FIU, your financial aid remain pending even after the semester disbursements begin. Until your financial aid is processed, you are financially liable for any payments that your host institution requires until your Consortium Agreement is processed. Consortium Agreements will only be processed if all documentation is submitted before required deadlines, and after host institution has reported transient enrollment to the Federal Clearinghouse. Once the Consortium Agreement is processed, eligible students may receive a refund for the amount that they are eligible for their transient enrollment.

*All Satisfactory Academic Progress (SAP) criteria must be met and is applicable to aid awarded during transient enrollment. All transient courses must be transferred over to FIU and processed to reflect on FIU transcripts. If proof of course completion is not submitted after term grades post, then any allocated funds for the term are subjected to be cancelled and payable by the student to FIU.

*Financial aid is subject to cost of attendance reported by host institution. 

Study Abroad

As an FIU student participating in the International Student Exchange or FIU Study Abroad programs, you may use your eligible financial aid available for your study abroad program. This will include state or institutional scholarships as well as federal Pell grant, student loans, and all other financial aid. Students may also use their Florida Prepaid benefits to pay for part of the tuition portion of their study abroad programs.

Generally, the FIU Office of Study Abroad will notify the FIU Financial Aid Office if and when a student is studying abroad. Study Abroad will provide a list of participants to the Financial Aid Office. Please consult with Office of Study Abroad before submitting any forms to the Financial Aid Office. 

Complete information for financial aid options for study abroad programs is available at: https://ugrad.fiu.edu/studyabroad/Pages/FinancialAid.aspx

Things to remember:


* Your study abroad programs may run on academic calendars that are different from the FIU academic calendar. Please keep in mind that your financial aid will disburse in accordance with the FIU academic calendar.

* If you are participating in a Summer study abroad program and you are planning to use some of your summer financial aid to help cover your expenses, please keep in mind that for most programs you will need to pay out of pocket for your program fees during the Spring semester and then wait for your Summer aid to disburse in order to receive any refund monies that are due to you for the Summer.

* All study abroad programs are for credit.  This means that your academic performance on the program may affect your eligibility to receive financial aid as you are required to make the same academic progress as you would if you were to be enrolled in regular FIU courses.

* FIU Students on FIU Approved Programs: If you are participating in a study abroad program offered by another institution or provider and you are planning to use your financial aid, you must schedule an appointment to meet with an advisor in the Office of Study Abroad to discuss your study abroad plans and to initiate an approval process for your program.

 

National Student Exchange (NSE)

As an FIU student participating in the National Student Exchange program, you may use your eligible financial aid available for your study abroad program.

If you are participating in this program, receipt of financial aid will depend on the "Plan" selected by you in consultation with the NSE Program Coordinator in the Honors College. If you select the plan where FIU will be the granting institution, the Honors College will provide a list of participants to the Financial Aid Office.

All of the above programs must adhere to all the federal regulations required for awarding and disbursing of financial aid (e.g: enrollment, satisfactory academic progress (SAP), etc.).

Things to remember:

What is the cost?

• FIU's tuition and fees (Plan B) OR Your host school's in-state tuition and fees (Plan A)

• Room & board, and transportation to and from host campus

• Non-refundable NSE application fee

What are the financial conditions?

* In general, students exchanging under Plan A apply for financial aid from their Host campus, and students exchanging under B apply through FIU.

 

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What is a Deferment?

Students that have been awarded Financial Aid are obligated to pay the difference (charges due) between their outstanding balance and the anticipated aid excluding Federal Work-Study (FWS)

A tuition deferment prevents the cancellation of your registered classes for non-payment of fees and temporarily prevents the assessment of a late payment fee.  On myfiu.edu: <Finances<View My Awards and <Account Summary to confirm the posting of your financial aid.

How do I determine my Anticipated Aid?

Click the MyFIU. You will be redirected to the sign–in page

  1. Sign into PantherSoft using your Panther ID;
  2. Click on FINANCES;
  3. Under ACCOUNT click on ACCOUNT SUMMARY;
  4. Click on the appropriate term;

Now Calculate:

Subtract the Charge Activity from the Pending Aid Activity to determine your balance due charges..

If your award is less than your fees, it is your responsibility to pay any remaining balance due before the deadline to pay for fees and to avoid cancellation of your courses. Any unwanted class should be dropped by the last day of Drop/Add to avoid liability.

You will be “fee liable” for all courses on your class schedule after the last day of the Drop/Add period of the semester. Please review the award criteria as some awards are pro-rated based on your actual enrollment. Your initial Financial Aid Award Notification lists awards offered on full-time enrollment and are not revised until AFTER the drop/add period.

 
Housing Deferments

The Housing Office will grant you a deferment if the total amount of your award is sufficient to cover tuition & housing costs. You must make payment arrangements to guarantee your dormitory space if your award is not sufficient or you have not been awarded aid by the housing payment deadline.

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Disbursement Procedures

Financial aid funds are disbursed electronically to the Student Financials Office. If you are in compliance with the award conditions set forth in this document, the Financial Aid Office will release your financial aid funds electronically to the Student Financials Office. Tuition and fees, housing charges, book advances and other allowable charges will be deducted from your scheduled financial aid.

Posted disbursement dates are dates of anticipated receipt of funds which allows the Office to begin the release process of your funds to the Student Financials Office.

Each semester Student Loan disbursements are released for disbursement to the Office of Student Financials before all grant/scholarship aid. Grant/Scholarship aid disbursements for full-time students are released to the Office of Student Financials within a few business days After the drop/add period each term. Students who are not enrolled full time must have the cost of attendance, grant aid or scholarships adjusted, if applicable, based on actual enrollment each semester. It is recommended that you set aside sufficient funds at the beginning of each term to cover expenses such as books, room, meals, etc. while financial aid disbursements are processed.

 

Questions Concerning Disbursements

Occasionally, you will have questions related to your financial aid disbursements. The following chart will assist you in determining which Office to contact:

The Financial Aid Office when you want to know:

  • Why your award has been reduced/canceled.
  • Why you must return funds already disbursed to you.

The Student Financials Office(Bursar/Cashiers)when you want to know:

  • What charges were paid with your financial aid funds?
  • The disbursement status of an award from a Third Party.
  • Information about your Pre-Paid tuition plan benefits.
  • All University Charges
  • Tuition Waivers (i.e. - veterans, employer)
  • Financial aid refunds

  

Stafford & PLUS Loan Disbursement Requirements:

The U.S. Department of Education has specific disbursement requirements applicable to the Stafford (Subsidized and Unsubsidized) and PLUS loans. If you are receiving assistance from one of these programs, please read the following information carefully to determine if one of the following conditions applies to you:

  • When your student loan funds are released for disbursement to the Office of Student Financials, you must be enrolled and attending classes for at least half-time to satisfy the student loan(Stafford/PLUS/GPLUS) disbursement criteria. If you drop below half-time after the University's Official drop/add period, your student loan disbursement will be canceled and the loan funds will be returned to the U.S. Department of Education. In addition, any future loan disbursement(s) for the same loan period will be canceled. You will then be responsible for all University charges that have not been paid due to the cancellation of your loans.
  • The university can hold Stafford loan funds for up to 14 days while waiting for you to meet all eligibility requirements. It is to your advantage to fulfill all requirements as soon as possible to ensure funds are not delayed.
  • PLUS (Parent Loan for Undergraduate Student) Upon disbursement of the loan by the Financial Aid Office the Bursar's Office will mail the check with any remaining funds directly to the parent borrowing the loan.

 Alternative/Private Loans

Alternative loans are non-federal educational loans available from a variety of national lending institutions. An alternative, or private loan is a loan in the student’s name, however generally requires the signature of a credit worthy co-signer. Minimums and maximums vary from these loan programs, depending on the lender you choose.

 National Student Loan Database (NSLDS)

If you received student loans, use the National Student Loan DataBase (NSLDS) to check on your existing loan information.

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Refunds are processed by the Student Financials Office. Your check will be available to pick up at the Campus Support Complex building (CSC). Parent plus loan checks will be mailed to the address specified on the parent plus loan application. Alternatively, you can set up a direct deposit to your bank account, which can be done online through your student portal at  my.fiu.edu.

Sign Up for Direct Deposit

Your Financial Aid Refunds can be deposited into your personal bank account. To sign up, you will need a bank account in your name. If you do not have an account, you can take advantage of our on-campus banking options with Wells Fargo or University Credit Union. You may visit shopFIU for more information. 

To authorize the University to transfer your Financial Aid Refunds to your bank account, go to myFIU Self-Service Page and follow these links: "FINANCES < ACCOUNT < DIRECT DEPOSIT." Once a Direct Deposit account is established, you do not need to apply each term.

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Title IV funds are awarded to a student under the assumption that he/she will attend school for the entire enrollment period for which the aid is awarded. When the student fails to receive a passing grade for at least one course in the semester OR withdraws from all his/her courses in the semester, he/she may no longer be eligible for the full amount of Title IV funds originally scheduled to receive. The amount of aid to be returned is based on formulas established by the U.S. Department of Education.

In order to comply with the Return of Title IV Funds (R2T4) policy requirements, the Financial Aid Office must verify the enrollment status of financial aid recipients who received non-passing grades in all courses attempted during the enrollment period.

To assist the Financial Aid Office determine the non-passing grade, you will be notified via your Panther Mail to provide an Enrollment Certification Form within a specific deadline date. The form must be completed and signed by just one of your professors from the semester in question.

Title IV funds include the following financial aid programs: Pell, SEOG, Perkins Loan, Subsidized and Unsubsidized Stafford Loans, and PLUS Loans.

Failure to repay funds due to a federal program may affect future eligibility for financial aid at FIU or any other institution you may attend after leaving FIU.

Dropping/Withdrawing

If you withdraw, drop out of school or drop below half-time enrollment, your financial aid award may be reduced or canceled, and you may be required to return a portion of the aid awarded to you. If you are entitled to a refund of your tuition, all or part of the refund may be applied to the financial aid fund from which your aid was awarded. You may also be required to return a portion of the funds disbursed directly to you. You should always consult with a Financial Aid Administrator prior to dropping or withdrawing to determine your potential financial liability. In addition, withdrawing or dropping courses may affect you meeting Satisfactory Academic Progress for the next academic year and if enrolled less than half-time, you may be required to start repayment on your student loans. For specific information on the University’s Dropping & Withdrawing policy refer to the Office of the Registrar’s University Catalog link On-line.

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Modesto A. Maidique Campus - SASC 126
1401 S.W. 108th Avenue
Miami, Florida 33199

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