Scholarship Checks & EFT Payments
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Private scholarship checks can be handled in two ways:
Below are instructions on how to handle each situation, as well as information for private scholarship providers.
If your scholarship sponsor sends your scholarship check directly to you, you should follow these instructions to make sure it is applied to your university student account:
If your check is sent to the institution, it will be applied to your student account, one-half in the fall term, one-half in the winter term, unless the sponsor specifies otherwise. Payments are usually processed within two weeks of the start of each term, upon full-time registration. If the payment creates a credit balance on your student account, the credit will be released to you either by check or direct deposit to your bank account.
Where to Submit Checks
Please send private scholarship checks (include your Federal Tax ID number on your check or accompanying correspondence) to:
University of Michigan
Office of Financial Aid-Scholarship Unit
2500 Student Activities Building
515 E. Jefferson Street
Ann Arbor, MI 48109-1316
Request Information for Electronic Funds Transfer (EFT)
The Office of Financial Aid at the University of Michigan-Ann Arbor would like to equip organizations with the option to submit scholarship payments by Electronic Funds Transfer (EFT).