Are you a new federal Direct Loan borrower since July 2013? You are subject to a new federal regulation that limits your loan subsidy to 150 percent of your degree program. If you are in a four-year program, for example, and have attended for six years, you will no longer received subsidized loans and will be responsible for interest on your loans.
Volumes in our office are high this time of the year, whether students are contacting us by email, phone, fax or in person. If you have submitted documents, it may take up to 5 business days for receipt of these documents to show up on Wolverine Access in the student’s secure portal. We appreciate your patience as we work to award aid for 2016-17.
April 30, 2016 is the priority deadline to apply for 2016-17 financial aid at U-M. We must receive your Free Application for Federal Student Aid (FAFSA) by this date to consider you for all financial aid programs. Entering students also complete the CSS Financial Aid PROFILE to be considered for grant aid.
The U-M Office of Financial Aid has begun awarding financial aid to entering freshmen for 2016-17. Students with awards should receive an email advising them to check Wolverine Access to view, print or download their Award Notice. Notices are sent on a rolling basis as students complete their aid applications.