<p>$65 by mail
$55 online for UM
and yes do it. I applied there as a financial safety, just incase my family vastly over estimated the amount of aid the $40K/year colleges i applied to will give me.</p>
<p>
[quote]
One more thing, the scolarship will be on top of whatever need based aid is offered. Miami doesn't preclude one from the other, you can get both. They apparently decide on the two independenlty, not in conjunction.
[/quote]
</p>
<p>A scholarship reduces your need and reduces your need-based aid by exactly the amount of the scholarship. </p>
<p>If a college computes the COA as $43K and your $EFC as $20K, then your NEED is $23K. Then a scholarship (tuition reduction) of $20K means that your NEED is now $3K. </p>
<p>If you win a $1000 scholarship from your local church, you have to report it to the college and it comes out of your financial aid. To their credit, they will try to reduce your loans before they remove anything from your grants.</p>
<p>anyone have a link for applying online? can you submit common app and then pay online?</p>
<p>There is the link for the on line application process. Better hurry though as last day is Tuesday I think to apply.</p>
<p>And yes, I knew that scholarships reduce your financial need, what I was trying to say is that you can get both scholarships and need based at Miami. However, I believe (IMHO) that scholarships are way better since most need based aid seems to be in the form of subsidized loans, work-study or some other form of low interest aid that ultimately needs to be paid back to someone. While that may be "aid", those forms don't REALLY reduce the cost of a University. Again, IMHO.</p>
<p>I think that getting a need-based grant of $15 and a merit-based scholarship (tuition reduction) of $15 have pretty much the same effect. The difference is that not everybody is going to qualify for need-based aid.</p>
<p>If a college is going to give need-based aid so that it fulfills the need of a lower income applicant, then there is usually a large grant included in the package that doesn't have to be paid back. If there wasn't, it would have to be a $30K per year loan, and frankly nobody is going to loan that much money to a college student. Colleges seem to try to keep the loan portion of a FA package at or below $5K per year.</p>
<p>I sure hope so Dufus. But in talking with a few parents in my area, it seemed that the need based packages tended to be more in the 50/50 range of grants and low interest loans or work programs. Don't get me wrong, I'm glad there are both sides available, but again IMHO I believe that the merit based scholarships are a better deal if you can get them since you don't have to worry about any loan component. But frankly, I think there could be more money allocated by our government for grants in the need based aid area so we could send more kids to the better schools and ensure or continued future in an educated society.</p>
<p>LOL, the original question of this thread was around merit based at U of Miami. bottom line is that Miami seems to have a really good merit program with lots of money available to kids who have worked hard to position themselves well. And Miami has made great strides over the last few years to raise not only their programs but their standing in the national rankings as well. I'm glad my son got his wish to go to his first choice University. (His criteria was no snow, great education in his area of interest, no snow, girls, no snow, beaches, no snow, great social life. Oh yeah, and no snow.....see the theme, LOL. If you haven't guessed, we live in an area that gets snow, although winters really aren't that bad.</p>
<p>woooops, i sent in the common application.... you guys think I can just fill out their online thing and send it in?</p>
<p>jdmcool:
Every school has its own way of doing it, but it doesn't seem reasonable that the loan component of the FA package can be too high just because nobody is going to make the loan. You said:
[quote]
I think there could be more money allocated by our government for grants in the need based aid
[/quote]
The money for the grants comes from the college and not the government. In effect, a grant is just a tuition reduction although a really big grant for an extremely needy student may actually exceed the tuition. Some colleges with big endowments give great grants, and other schools don't. This is what I was interested in about UMiami. They are basing tuition discounts on having a 1400 SAT. I wonder if they are reducing need-based aid to do so. I'm not saying anything bad about UMiami, though. Also, for higher income families who won't get need-based FA, UMiami is a great deal.</p>
<p>Reeze:</p>
<p>I sent common app (online), then mailed thier common app supplement with a check for $55</p>
<p>dufus,</p>
<p>I understand that grants are from the schools. But I still believe that as a nation on the Federal front there should be more of a grant program as part of the need based aid programs. We as a nation don't support higher education as it should be. Again, IMHO.</p>
<p>Reece, I don't know if Miami accepts the common app or not, we filled in the regular Miami on line app. You might want to fill out the on line one and save it, call them on Monday, and if they require theirs, then hit the submit button on Monday.</p>