Financial Aid Notification

Because it can take several weeks to process a financial aid application, we encourage you to complete and submit yours early. After your application materials have been processed and reviewed, you will receive an email from the Office of Financial Aid, letting you know that your Award Notice is available on Wolverine Access.

Following is a "Finding Extra Money for School" video from CashCourse. Visit here for more information about using the CashCourse website.


U-M begins notifying entering applicants (first-year and transfer students) about estimated financial aid awards in January if they have applied for aid. Applicants are notified on a rolling basis, as the Office of Financial Aid receives aid application information. Apply for aid early so we can estimate your financial aid before the May 1 enrollment deposit deadline.
  • If you do not have a U-M uniqname and password, sign up for a University of Michigan "Friend" Account (guest) ID to view/print your award notice (and other documents, if requested) on Wolverine Access. To acquire a Friend Account ID, see the Using Wolverine Access page. If you do not have an email account and you are unable to view/print your award notice or other documents, you may contact us to request a paper copy.
  • You might be asked to send additional documents to verify your aid eligibility. You will be sent notification that you have an Estimated Financial Aid Notice available. Submit the required materials by June 1 so that we can calculate a new financial aid package and send you an Official Financial Aid Notice. If you do not respond by the specified deadline date, your estimated awards will be canceled.
  • Based on review of your additional documents, your Notice may change and you will receive a message informing you that you have a Revised Financial Aid Notice. Revised award notices replace any award notices previously received.


The U-M Office of Financial Aid begins sending Financial Aid Notification emails to continuing students each spring. If you are asked to submit additional documents, you can find them on Wolverine Access. (After logging in, select Student Center > Financial Aid > Aid Year > Documents/Review.)


Below is a description of a sample Financial Aid Notice from U-M. When you receive your notice, read all pages including links that are part of your agreement to accept federal aid funds. Page 2 of the Notice offers instructions about what to do next, details the cost of borrowing and consumer information about the university.

Information from your financial aid application such as income, assets, family size, as well as residency status, program and enrollment determines your eligibility for aid and what type of awards you will receive.

If any of the information listed on your Notice is incorrect, contact the Office of Financial Aid and the appropriate University department to correct it.

Personal Information highlights include:

[A] Primary Career and Grade Level: This section includes your level (undergraduate or graduate/professional) and your school or college based on information from the Office of the Registrar. Contact them questions (

[B] Residency Status: Residency at time of admission determines your tuition rate. Contact the Office of the Registrar at 734-764-1400 or visit

[C] Enrollment: We assume full-time enrollment for aid purposes; students must be enrolled at least half-time to receive aid. We will monitor your enrollment and changes may reduce or cancel aid, even after you receive your funds. See Required Reading for details.


This section shows the estimated amount it costs to attend U-M for the period covered by your Award Notice. This includes both what you must pay the university directly and what you will pay for related expenses (books, entertainment, transportation, etc.). 

Your actual expenses may vary; periodic student surveys determine personal costs and estimates of typical aid.

The estimated cost to attend includes:

UM Award Notice with callouts

  • [E] Tuition & Fees as charged on your student bill
  • [F] Housing and Meal Costs (on or off campus) and
  • [G] Other Costs which can include books, supplies and personal expenses.


This section lists your financial aid awards for each term. If you receive scholarships or grants (money that is not repaid), they will fall under the Gift Aid section. [I]. We subtract this from your cost to attend, leaving you with Your Cost to Attend [J].

The remaining sections in the Award Notice offer you options for paying this amount and can include:

[K] Work-Study: This federal program allows you to apply for Work-Study jobs and earn a paycheck to help you pay for college.

[L] Loans: These are funds that students borrow from the federal government or other lenders. Loans must be repaid when students graduate or stop attending school. Federal loan repayment begins six months after you graduate, withdraw or drop below half-time status. Borrow only what you need.

[M] Other Resources: These can include VA benefits, third-party credits or pre-paid tuition plans, among others.

Awards listed on your award notice that do not include an asterisk (*) are awards you are receiving from another source. It is your responsibility to confirm these awards with the sponsor(s) and report any changes to the U-M Office of Financial Aid.

Your award also includes a link to further instructions and certification that it is assumed you will read and understand, explaining your rights and responsibilities for accepting financial aid. The link to this certification can be found here.

You will receive an email from the Office of Financial Aid when you have a new or revised Award Notice. Visit Wolverine Access and log in to view it.


Keep costs in mind

Student budget worksheet art


The double room rate used on your Notice is less than the rate for a single room If you choose a single room, you must cover the difference between the two. If you live off-campus, you could save money by having roommates.

Here is a worksheet that can help you calculate your college costs, less your financial aid (as shown on your Notice).

This will give you a bottom line for what you might need to borrow as you attend college.

We have tools to help

Visit Wolverine Access to estimate your student bill, calculate your loan eligibility or find out how much to request under the U-M Payment Plan.

Log in at Wolverine Access and use the Financial Planning Calculators. Visit the Student Center and select Finances > Financial Planning Calculators to use these tools.

Keep in mind the four Cs that can bust your budget: Cars, Clothes, Credit Cards and Cell phones!