• Accept, Decline, or Reduce Awards
After receiving your financial aid Award Notice what should you do? The Office of Financial Aid will assume that you have accepted all of the aid awarded and it will be applied automatically to your university charges. However, if you want to accept or decline specific awards or reduce the amount of your awards, there are instructions on this page to help you do that.
Accepting financial aid entails certain rights and responsibilities. When you are awarded financial aid, it is assumed that you will read and understand the terms and conditions of your aid and your rights and responsibilities, as specified here and in Required Reading, and that you agree to the certifications listed on page 2 of your award notice. We strongly encourage you to learn as much as you can about the aid you are accepting and to know in advance what is expected of you in terms of your enrollment and academic progress. If you have questions, please do not hesitate to contact us for assistance.
To decline or reduce your awards, first log into Wolverine Access and follow one of these paths:
• NEW & PROSPECTIVE STUDENTS: You may not decline or reduce awards until you have received an Official Award Notice, which typically occurs after you submit additional documents to our office and your application is reviewed. Then you may use Wolverine Access to decline or reduce your awards. After logging in to Wolverine Access, select New & Prospective Student Center > Accept/Decline Financial Aid.
• CURRENT STUDENTS: Select Student Center > Financial Aid > Aid Year > Awards > Accept/Decline.
About Loans: If you want to reduce or decline a loan AFTER you have already received the funds, contact our office right away (students must personally decline or reduce their awards; parents cannot do this for a student). Parents who have a federal PLUS loan may send an email or letter to our office asking to have the loan reduced or canceled.
The U-M financial aid award process is separate from admission to the University. In order to accept your admission to U-M, notify the office that admitted you (e.g., Undergraduate Admissions, Rackham, etc.) by paying your enrollment deposit.