2021-2022 Financial Aid application and deadline information

The Suggested Filing Date is Dec. 15, 2020 and the final deadline is March 31, 2021. U-M applicants who file their financial aid applications by the Suggested Filing Date of Dec. 15, 2020, and are admitted, will receive a preliminary financial aid package sooner. If you are unable to apply by the Suggested Filing Date, don’t worry. You can still submit your financial aid application by the final deadline of March 31, 2021.

If you submit application materials after the final deadline, you may still qualify for some financial assistance. However, late applicants will receive consideration after all on-time applications have been reviewed in the order in which their application was completed.

Later applicants will typically begin receiving notification of eligibility beginning in late July. We want to help make the financial aid application process as stress-free as possible.

For continuing students, the deadline to apply is May 1. Find out more about deadlines and timelines for continuing students on the OFA website.

Here are some tips:

• Watch for emails from the Office of Financial Aid. Email is the main way in which OFA will communicate with you.

• Use the Data Retrieval Tool (DRT), available to most families when completing your FAFSA, to easily access your federal tax return information on the IRS website and transfer it to your FAFSA.

• Check your Wolverine Access Student Portal frequently so you don’t miss any document requests: Go to your Student Center > Financial Aid > Aid Year 2021 for these important requests. Look to the far right of the screen, next to the requested item, for available links to documents and/or instructions.

• Deadlines are important. Missing the deadline could significantly reduce your financial aid offer. Mark the date on your calendar and set your own deadlines for checking your application status and for any additional information.

 

Student Bill Deadlines

Winter term student billing for tuition, fees, and on-campus housing/meals are issued in mid-December and will be due on January 31, 2021.

Because bills are generated before financial aid is credited to your account, a special category called pending aid displays at the bottom of the bill to represent financial aid not yet posted. Pending aid is the amount of financial aid U-M expects to credit to your account based on your notice.

The amount due is the sum of charges on your student account. Subtract pending aid from your amount due to determine what you owe for winter term.

If you have enrolled full-time (wait-listed and not-for-credit classes do not count) and signed the required documents (such as your federal loan documents) by December 11, 2020, any awarded financial aid will be subtracted from the Amount Due at disbursement and will appear as detail in the “Credits, Payments and Financial Aid” section.

To access your student bill online:

• Visit Wolverine Access (wolverineaccess.umich.edu/), and select the Student tab and “Student Center”.

• Log on using U-M uniqname and Kerberos password.

• Select “Account Inquiry” under the Finances section.

• Select the Invoice/eBill to be viewed, denoted by date

Important exceptions:

Some sources of aid, such as third-party credits, private loans, and private scholarships for which funds have not yet been received, will not appear as pending aid. (They will appear on your student account when funds are received and applied.) If they have not appeared by the date due, pay the Amount Due to avoid receiving a late fee.