Student Loans for Florida International University Students

Florida International University StudentsWith two campuses nestled in the international and vibrant urban sprawl of Miami, Florida International University is a public research university dedicated to enhancing both the local and global communities.

Offering students the opportunity to pursue bachelor’s, master’s, and doctoral degrees at a top-tier research institution, Florida International University, or FIU, is an academic leader in South Florida.

Most students come from within the state of Florida, and FIU has a slightly higher female population than male, according to US News. The University of Florida is one of the nation’s leaders in granting bachelor’s degree to the Hispanic population, and FIU has an ethnically diverse student body. The majority of students choose to live off campus, and most students are a few years out of high school.

FIU has a thriving student life at both the Modesto Maidique Campus (MMC) located in West Miami-Dade County and the Biscayne Bay Campus (BBC) in North Miami. FIU prides itself in a strong athletics program as well as a flourishing arts and culture scene. The Graham Center (GC) is a prime spot to hang out and socialize while study groups can take advantage of one of the nation’s leading research facilities, the Steven and Dorothea Grey Library (GL). With a sustainable and green campus, FIU also hosts a weekly organic farmer’s market.

Students at FIU may choose to get involved in one of the numerous clubs or student organizations on campus, explore the bustling city of Miami, or kick back and enjoy the balmy Florida weather while receiving a top-notch education.

Financial Aid Options

Student who qualifies for Deferred Action for Childhood Arrivals (DACA)Most students will require some form of financial aid in order to fully fund and afford higher education. Financial aid comes in the form of either free money through scholarships or grants, or borrowed funds via student loans. Student financial aid at FIU is funded through federal, state, and university programs.

Students who qualify for Deferred Action for Childhood Arrivals (DACA) may qualify for in-state tuition. DACA students will often need to seek out private and outside scholarships for additional financial aid, however.

Scholarships are typically merit-based and highly competitive while grants are often need-based and offered to those demonstrating financial need. Scholarships at FIU include:

Need-based grants funded by the government, state of Florida, or Florida International University include:

Another option for eligible students is the federal Work-Study Program, which allows students to work on or off campus, usually in service-based fields part-time, up to 20 hours a week, in order to help pay for the cost of tuition. If you qualify, you will need to apply for specific jobs that are generally flexible with your class schedule.

Student Loans at FIU

FIU financial assistance

If after taking advantage of all of the free and gift money options open to you as a student at FIU, you still need assistance in affording college, then student loans are a viable option. Your first choice should be federal student loans as they offer low and fixed interest rates with flexible repayment plans, and payment often doesn’t start until after graduation. Federal student loans are disbursed under the William D. Ford Direct Loan Program and include:

When you are offered your student loan, you have the option to accept any or all of the funds, and it is recommended that you only borrow as much as you need. You will then accept your loan amount and sign your Master Promissory Note (MPN), detailing your loan information and acting as a legal contract. Student first-time borrowers must also attend entrance counseling when they initiate a loan and exit counseling when they are expected to begin repayment, which will detail all of the rights and responsibilities as a borrower. The repayment period generally starts when you drop below half-time status, leave school, or graduate, and most loan options offer a grace period of at least six months.

For students who experience a temporary or sudden financial hardship, FIU offers short-term loan and emergency loans. Your financial aid counselor will have more information on these options.

Your last resort should be a private or alternative student loan. These loans are funded by private financial institutions and generally have higher, and even variable, interest rates. This means that interest rates may increase over the life of your loan. You will also likely require a co-signer to receive the best rates as private loans are not based on financial need, but rather require a credit check.

For the most up-to-date information on the student loan or financial aid process, continue browsing SimpleTuition.

Pay for Florida International University*

Total Avg. Cost $34,252
Tuition $14,672
Room & Board $8,220
Financial Aid Information
Students Receiving Fin Aid 90%
Typical Grant Amounts
State/Local $2,763
Federal $4,328
%Receiving Loans 23%
Avg. Other Stud. Loans $11,291
%Receiving Other Loans 1%

Get into Florida International University

Admission Rate 51%
Total Enrollment 15,932
Men 56%
Women 44%
Graduation Rate 46%
Application Fee $30

Contact Florida International University

Address
11200 S. W. 8 Street
Miami, FL 33199(305) 348-2000
Financial Aid Office URL
http://www.finaid.fiu.edu/
Admissions Office URL
http://www.admissions.fiu.edu/

*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics

 
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