What is the difference between the Financial Aid Office and the Finance Office?

What is the difference between the Financial Aid Office and the Finance Office?

The Financial Aid Office grants awards and approves loans based on the eligibility of the student. They determine the type and amount of each award or loan which is contained in the official award letter sent to students. The Financial Aid Office credits the funds to the student accounts after the borrower (student) has completed the application and endorsed the promissory note and other documents. The Finance Department administers the refund when the student is properly registered for sufficient credit hours and has completed all other requirements for loan eligibility. Finance facilitates the processing of financial aid once the funds arrive at the institution.

Response is applicable to the both Miami and San Juan Campuses.

Topic Information
  • Topic #: 16092-641
  • Date Created: 03/17/2013
  • Last Modified Since: 04/11/2013
  • Viewed: 303
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