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Complete these steps to ensure your Fall Term financial aid

students dining

10/13/14 South Quad Dining Hall.

Follow these five steps to be sure you get your financial aid for 2015 Fall Term:

  • Enroll for at least a half-time credit hour load. This is 6 hours for undergraduates, 4 hours for graduate students (no waiting lists or backpacks).
  • Submit any requested documents. If asked to submit any follow-up documents for verification, provide them to the Office of Financial Aid immediately.
  • Complete and sign any applicable promissory notes for federal loans. Look for email from the Office of Financial Aid about your promissory notes or visit www.finaid.umich.edu/MPN.
  • Complete loan entrance counseling at StudentLoans.gov if you are a first-time Direct Loan borrower or Grad PLUS borrower.
  • Resolve any academic and/or financial holds on your account.

If all five requirements are fulfilled, aid funds will be released and applied to tuition, fees and housing charges appearing on your student account; any excess funds will be deposited to your bank account or a check sent to your local address on file with the University. Because some aid awards cover only tuition (not orientation charges, phone bills, lost ID fees, etc.), you could receive a refund when there are outstanding charges on your student account. You are responsible for paying the balance on your account even after you receive a financial aid refund.

The first financial aid refunds for Fall Term will be deposited to bank accounts (for those with direct deposit) or mailed to students on Sept. 3, 2015. Additional early term payments will be deposited or mailed on Sept. 8 and Sept. 11. Aid is paid weekly throughout the term and is typically available to students on Mondays.

Student bills will be issued Aug. 10 and are due on Aug. 31, 2015.  See the Student Financial Services website for more details about your student account and bill.

If you have questions about your financial aid, contact us.