WHAT HAPPENS TO PRIVATE SCHOLARSHIP CHECKS

If your scholarship sponsor sends your scholarship check directly to the university, it will be applied to your student account, one-half in the fall term, one-half in the winter term, unless the sponsor specifies otherwise. Payments are usually processed within two weeks of the start of each term, upon full-time registration. If the payment creates a credit balance on your student account, the credit will be released to you either by check or direct deposit to your bank account.

WHAT TO DO IF YOU RECEIVE A SCHOLARSHIP CHECK

If your scholarship sponsor sends your scholarship check directly to you, you should follow these instructions to make sure it is applied to your University student account:
  • If the check is made out to the university: Bring it to the Office of Financial Aid or send it to us at the address below. 
  • If the check is made co-payable to you and the university: Endorse the check and submit it to the Office of Financial Aid at the address below.
  • If the check is made payable to you only: It is your responsibility to report this resource to us and to apply any funds necessary to your university student account.

SCHOLARSHIP PROVIDERS: WHERE TO SUBMIT CHECKS

Please send private scholarship checks (include your Federal Tax ID number on your check or accompanying correspondence) to:
 
University of Michigan
Office of Financial Aid-Scholarship Unit
2500 Student Activities Building
515 E. Jefferson Street
Ann Arbor, MI  48109-1316

FOR PRIVATE SCHOLARSHIP PROVIDERS: SETTING UP EFT

The Office of Financial Aid at the University of Michigan-Ann Arbor would like to equip organizations with the option to submit scholarship payments by Electronic Funds Transfer (EFT). This will allow continued and efficient scholarship processing, while also reducing the number of in-person hours required to process payments – hopefully, in both our institution and yours! We encourage you to utilize this online EFT process.

Set Up Your Organization's EFT

The procedure to set up EFTs with the University of Michigan is twofold: First, you will need to set up the banking and account information, and second, you will need to contact our office when you submit a deposit.

Note: If you already submit payments to U-M using EFT, please ensure that you are also following the guidance as outlined below in Step #2.

1. Establish an EFT Account With the University of Michigan-Ann Arbor

Please email finaid.EFT@umich.edu with your request to set up an EFT account. Most organizations have an existing EFT certification form for the receiving institution to complete and this template form for the university should be attached for us to complete at the time of your email request. If you do not have an existing form, please note this in your request email.

Once your paperwork/request has been completed by our office, we will reply to your email request with the appropriate account information for EFT payments.

2. Notify the University of Michigan

When you submit an electronic payment to the University of Michigan-Ann Arbor, please send a supplemental email to both finaid.EFT@umich.edu and electronicpmts@umich.edu with the following information:

  1. Name of organization
  2. Date payment sent
  3. Student name(s)
  4. Student U-M ID number(s)
  5. Amount of the scholarship
  6. Term in which payment should be applied (i.e. fall term, winter term, or full academic year). Unless otherwise noted, U-M will apply funds to the full academic year, dividing them equally between the two standard academic year terms.

Once your organization is set up to complete EFTs with the university, this online process should serve to streamline scholarship payments to the U-M – now and in the future. Please note that the email address of finaid.EFT@umich.edu is specific to EFT requests and notifications.

We will continue to process physical checks for organizations that are unable to use the EFT option. Payments received in this manner may experience some delay.

If you have additional questions related to outside scholarships and financial aid, please contact our office at financial.aid@umich.edu. Thank you.