The grants and scholarship described above consist of the Federal Pell Grant, the Federal Supplemental Education Grant, and institutional scholarship based on (1) full-time enrollment and (2) financial need determined by the Free Application for Federal Student Aid (FAFSA).
Many companies offer tuition assistance programs to their employees. If you’re currently employed, we encourage you to check on this. If they offer assistance, please contact MIU’s Financial Aid office.
Federal Student Loans have limits based on lifetime usage, annual limits, and limited to the educational costs for each semester. Here are the annual maximum limits:
- $5,500 per year for first-year dependent
- $6,500 per year for second-year dependent
- $7,500 per year for third, fourth, fifth-year dependent
- $9,500 per year for first-year independent
- $10,500 per year for second-year independent
- $12,500 per year for third, fourth, fifth-year independent
Federal Student Loan Repayment is postponed as long as you are enrolled at least half-time each semester. If your enrollment drops below half-time, you have a six-month grace period before repayment begins. There are also postponements for low income and unemployment, as well as repayment based on income and Public Service Forgiveness.
Education Tax Incentives
Veterans
For questions regarding Veterans Benefits, please contact Tal Ron, our Veterans Certifying Official and Director of Financial Aid, at
tron@miu.edu or
641-472-1156.