Office of Financial Aid

Financial Aid

Financial aid is any grant, loan or scholarship to assist a student in meeting their University expenses. Federal and state agencies and/or the University itself usually provide funding. Most financial aid is based on the student’s financial need as determined by the federal government’s system of need analysis. Financial need is based on federal regulations and information provided by the student and/or student’s family on the Free Application for Federal Student Aid (FAFSA). The amounts and types of financial aid that a student can receive are determined by federal, state and institutional guidelines. Students who wish to be considered for financial assistance offered by/through theUniversity must complete and submit the FAFSA.

Grants

Federal Pell Grant
The Federal Pell Grant is a federal grant awarded based on financial need and does not need to be repaid. In order to apply for the Pell Grant, students must complete a Free Application for Federal Student Aid (FAFSA). The FAFSA is available on-line at www.FAFSA.ed.gov.

Federal Supplemental Educational Opportunity Grant (FSEOG):
FSEOG is available for students with exceptional financial needs, which means students with the lowest Expected Family Contributions (EFC). This program gives priority to students who receive Federal Pell Grants with the lowest EFC. An FSEOG award does not have to be repaid.

Florida State Grants
Miami Regional University students are eligible to participate in the following Florida State programs:

  • Florida Bright Futures Scholarship Program
  • Florida Postsecondary Student Assistance Grant
  • José Martí Scholarship Challenge Grant
  • Scholarship for Children/Spouses of Deceased or Disabled Veterans
  • Honorably Discharged Graduate Assistance Program

Scholarships

Miami Regional University offers a variety of scholarships for students who meet the specific criteria of the scholarship requirements.

Dr. Juan G. Solana Scholarship – This scholarship provides tuition cost assistance for Foreign Physicians wishing to attend a Nursing Program.

Foreign Doctors in Limbo Scholarship – This scholarship provides tuition cost assistance for Foreign Physicians transitioning from ESOL into a Nursing program at Miami Regional University.

International Nurses Scholarship – This scholarship provides tuition cost assistance for Nurses from a foreign country with a degree in Nursing (Licenciatura en Enfermeria) transitioning from ESOL into a Nursing program at Miami Regional University.

Partners In Health Scholarship – This scholarship provides tuition cost assistance for students enrolled from a health care affiliate (chosen by the employer) in a program at Miami Regional University.

RN to BSN Licensure Scholarship – This scholarship provides tuition assistance for Core Courses.

Open Arms Scholarship – This scholarship provides tuition cost assistance for students from a foreign country with a need for Intensive English for Professionals of Other Countries classes at Miami Regional University.

Displaced Student Scholarship

Health Science Conversion Scholarship

 

Contact the University’s Office of Financial Aid for more information regarding these scholarships.

Loans

Federal Direct Loan Program (FDLP)
Miami Regional University participates in The Federal Direct Loan Program (FDLP) which allows students and their parents to borrow money to help with their educational costs.  These loans must be paid back with interest.

Subsidized Direct Loan
A subsidized loan is awarded on the basis of financial need (need is the budgeted Cost of Attendance less estimated financial aid). The federal government pays interest on the subsidized loan until repayment begins and during authorized periods of deferment.   Repayment begins six months after student graduates, when enrollment drops below half-time status, or when a student withdraws from the University.  Students’ borrowers of federal loans must also satisfy exit loan counseling requirements. To apply, students should contact the University’s Office of Financial Aid .

Unsubsidized Direct Loan
An unsubsidized loan is not awarded on the basis of need. The borrower is charged interest from the time the loan is disbursed until it is paid in full. In addition, until repayment begins and during authorized periods of deferment, the unsubsidized loan borrower has the option to pay the interest or allow the interest to accumulate. Accumulated interest will be added to the principal amount of the loan and will increase the amount the borrower must repay.   Repayment begins six months after student graduates, when enrollment drops below half-time status, or when a student withdraws from the University.  Students’ borrowers of federal loans must also satisfy exit loan counseling requirements. To apply, students should contact the University’s Office of Financial Aid.

Federal Direct Parent Loan (PLUS) for Loan Program
Federal Direct Parent Loan for Undergraduate Students (PLUS) loans are for parents of dependent students who want to borrow to help pay for their children’s education. A mandatory credit check is completed as eligibility for this loan depends on the borrower’s credit worthiness.  This is an unsubsidized loan where the borrower is charged interest from the time the loan is disbursed until it is paid in full. In addition, until repayment begins and during authorized periods of deferment. Repayment begins 60 days after the loan is disbursed. For additional information, students should contact the University’s Office of Financial Aid.

Private Financing Programs

Private financing programs are available to help students meet the costs of education by providing long-term financing options.  Students should exhaust all federal Title IV assistance available, including the Federal Direct Stafford Loan and the Federal Direct Graduate PLUS Loan, before considering a private student loan program.  The repayment terms of federal programs may be more favorable than the terms of private loan programs.  Federal student loans are required by law to provide a range of flexible repayment options, including, but not limited to, income-based repayment and income-contingent repayment plans, and loan forgiveness benefits, which other student loans are not required to provide.  Federal Direct Loans are available to students regardless of income.   For additional information, students should contact the University’s Office of Financial Aid.

Other Financial Options

Payment Plans with no interest are also available to all active MRU students. Students may apply to other financial providers such as Career Source Centers, Vocational Rehabilitation and the Florida Department of Veterans for Benefit of Education and Training if qualified.  MRU is a training provider to these organizations.

Military

Miami Regional University thanks you for your service.  We are committed to provide all eligible United States Military service members, veterans and their families assistance in reaching their educational goals. As part of our commitment, MRU will waive the following fees:

  • Registration fee
  • Application fees
  • Background Check Fees

MRU has staff available to assist you with your benefits from the U.S. Dept. of Veteran Affairs and Florida Scholarships, such as the Scholarships for Children and Spouses of Deceased or Disabled Veterans and Service members.

Visit the Office of Financial Aid for further information.

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Request Information

Check here if you, your spouse, or your dependent are affiliated with the US military, including veterans and active duty and reserves/national guard.  

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