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Tips for receiving your Winter Term financial aid

Early morning at the U-M Law Library

8/23/11 The Law Library in the early morning hours during a Day in the Life of the University of Michigan on August 23, 2011.

The first financial aid payment for Winter Term will be direct deposited into student accounts on Dec. 31, 2015. Be sure you are registered at least half-time (6 hours for undergraduates and 4 hours for graduate students) by 5 p.m. on Dec. 22, 2015 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 Jan. 6, 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 2015-2016 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 2016 > 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. If you are not signed up and will receive your aid by mail, be sure your name is on your mailbox before Dec. 18, 2015.  The U.S. Postal Service will not deliver first-class mail to mailboxes without names in apartment buildings, student rooming houses, etc.

More information on this and other important aid information can be found in the November Office of Financial Aid Newsletter.