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Tips for receiving your 2017 Winter Term financial aid

Winter Garden at the U-M Ross School of Business.

The first financial aid payment for Winter Term will be direct deposited into student accounts on Dec. 30, 2016. Be sure you are registered at least half-time (6 hours for undergraduates and 4 hours for graduate students) to receive your expected aid. Wait-listed courses do not count when determining your enrollment level.

If you are enrolled less than full-time but at least half-time when your aid is disbursed, it will be prorated and reduced based on your enrollment level (with the exception of Direct Loans). After the term start, students who register by 5 p.m. on Wednesday of any given week should receive their refunds the Monday following their registration.

If you are receiving aid for the first time this academic year, be sure you have:

  • Received a 2016-2017 financial aid Award Notice.
  • Provided all other documents requested by the Office of Financial Aid.
  • Completed Entrance Counseling for your Direct Loan(s) if you are an entering undergraduate or graduate student.
  • Completed a Direct Loan Master Promissory Note if you were awarded Direct Loan funds and are a new borrower.
  • Completed a Perkins, Health Professions, and/or Nursing Student Loan Master Promissory Note and a rights and responsibilities statement if you were awarded any of these loan funds (visit Wolverine Access: Students > Student Business > Financial Aid > Aid Year 2017 > Loans).
  • Resolved any academic holds. Financial aid is not paid until holds are lifted.

The University recommends that students sign up for direct deposit to receive financial aid. More information on this and other important aid information can be found in the most recent Office of Financial Aid Newsletter.