I'm interested in University of Miami's Early Decision II, especially about any specific payment requirements I should be aware of. Does anyone know what the financial commitment looks like if I get in?
Generally speaking, Early Decision II (ED II) is a binding commitment, meaning if admitted, you are required to withdraw your applications from all other colleges and attend the University of Miami. This is where the financial aspect becomes significant.
The financial commitment of ED II likely means that you're agreeing to attend the university regardless of your financial aid package, though this is usually subject to receiving adequate financial aid. The definition of "adequate" can vary, and you may be able to break the agreement if the aid is demonstrably insufficient for you or your family.
The University of Miami's website suggests running their net price calculator before applying ED to help estimate what your cost of attendance may look like, but it's important to remember that these are estimates and may not reflect your actual aid package.
If you're admitted under ED II, a deposit, usually a few hundred dollars, is typically required to secure your spot. This is standard procedure for many universities, but you can contact the University of Miami's admissions or financial aid office directly to confirm the exact amount of the deposit if it's not clearly mentioned on their website.
If you have any concerns about financial aid, I recommend reaching out to the financial aid office at the University of Miami before submitting your ED II application. They'd be able to provide more details and possibly reassure you about any concerns.
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