<p>Those scholarships are annual awards, renewable for 4 years. So the University scholarship is $24,000 a year renewable for 4 years, assuming GPA is good, etc.
[New</a> Freshmen / First Year Students | Enrollment Management | University of Miami](<a href=“http://www.miami.edu/index.php/ug/scholarships/freshmen/]New”>http://www.miami.edu/index.php/ug/scholarships/freshmen/)</p>