$5,042

Avg. Federal Grant

$5,350

Avg. Federal Loan

$114,918,306

Total Aid Awarded

Miami University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

61%

Total Aid Amount Average Total Aid Awarded per year.

$114.918M

Financial Aid Official Website

miamioh.edu/finaid/

Such schemes include Anthony Munoz Foundation Scholarship Fund, Chick Evans Caddie Scholarship, Dr. Allen Smith Memorial Scholarship, and Education Foundation Scholarship. It is interesting to note that, every year, around 82% of students at MUO receive some kind of financial aid, while the total amount of assistance/loans provided is $35,878,021. The total percentage of candidates applying to Miami University-Oxford who receive the Federal Grant is 15%. Meanwhile, 72% of the applicants receive the Student Grant and 70% are awarded the Institution Grant, while 13% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,914, while the same comes to $1,454 for State Grant receivers and $11,092 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,506. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Miami University-Oxford, the percentage of candidates who opt to avail of student loans is around 40%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

13%

State Grant Aid

6%

Institution Grant Aid

65%

Pell Grant

12%

Average Aid Awarded

Federal Grant Aid

$5,042

State Grant Aid

$1,513

Institution Grant Aid

$11,790

Pell Grant

$4,674

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$20,122

$30,001 - $48,000

$17,940

$48,001 - $75,000

$12,761

$75,001 - $110,000

$7,763

Over $110,000

$5,680

Student Loans for Miami University

Average Loan Amount Average Loan Amount received per year.

$7,867/Year

Students Taking Out Loans

38%

Loan Default Rate

N/A