Because it can take several weeks to process a financial aid application, we encourage you to complete and submit yours early. After your application materials have been processed and reviewed, you will receive an email from the Office of Financial Aid, letting you know that your Award Notice is available on Wolverine Access.
Following is a "Finding Extra Money for School" video from CashCourse. Visit here for more information about using the CashCourse website: www.finaid.umich.edu/Planning#cashcourse
U-M begins sending award notification emails to entering applicants (first-year and transfer students) in March. Applicants are notified on a rolling basis, as the Office of Financial Aid receives application information. Apply early so you will be notified before the May 1 enrollment deposit deadline.
- If you do not have a U-M uniqname and password, sign up for a University of Michigan "Friend" Account (guest) ID to view/print your award notice (and other documents, if requested) on Wolverine Access. To acquire a Friend Account ID, see the Using Wolverine Access page. If you do not have an email account and you are unable to view/print your award notice or other documents, you may contact us to request a paper copy.
- You might be asked to send additional documents to verify your aid eligibility. You will be sent notification that you have an Estimated Award Notice available. Submit the required materials by June 1 so that we can calculate a new financial aid package and send you an Official Award Notice. If you do not respond by the specified deadline date, your estimated awards will be canceled.
- Based on review of your additional documents, your Award Notice may change and you will receive a message informing you that you have a Revised Award Notice. Revised award notices replace any award notices previously received.
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OFA begins sending award notification emails to continuing students in mid-May. If you are asked to submit additional documents, you can find them on Wolverine Access. (After logging in, select Student Center > Financial Aid > Aid Year > Documents/Review.)
Below is a description of a sample Award Notice from U-M. When you receive your notice, read all pages of your notice to be sure you understand this information, including a link to instructions and Certification Statement that is part of your agreement in accepting financial aid.
Information from your financial aid application such as income, assets, family size, as well as residency status, program and enrollment determines your eligibility for aid and what type of awards you will receive.
If any of the information listed on your Award Notice is incorrect, contact the Office of Financial Aid and the appropriate University department to correct it.
Highlights of your personal information included on the Award Notice:
A Primary Career and Grade Level is based on information from the Office of the Registrar. Contact this office with questions about information in this section (www.ro.umich.edu).
B Residency Status is determined when you are admitted. If you have questions about your residency status, contact the Office of the Registrar at 734-764-1400 or www.ro.umich.edu/resreg.html.
C Enrollment: There is an assumption of full-time enrollment for aid purposes and students must be enrolled at least half-time to receive aid. If you enroll less than full-time but at least half time, your aid may be reduced based on your enrollment level. See Required Reading for details.
D ESTIMATED COST TO ATTEND
An ESTIMATED amount for educational expenses, including both what you must pay the university directly and what you will pay for related expenses (books, entertainment, transportation, etc.). It includes Tuition & Fees [E] as charged on your student bill, Housing Costs [F] (on or off campus) and Other Costs [G] which can include books, supplies and personal expenses. Your actual expenses may vary; the Office of Financial Aid surveys students on a regular basis to determine some of these costs and estimate what a typical budget is for financial aid purposes.
H FINANCIAL AID OFFER
This section lists the financial aid you have been awarded and the amounts of the awards by term. If you receive scholarships or grants (money that is not repaid), they will fall under the Gift Aid section. [I]. We subtract this from your cost to attend, leaving you with Your Cost to Attend [J].
The remaining sections in the Award Notice offer you options for paying this amount and can include:
K Work-Study: This government-sponsored program allows you to apply for Work-Study jobs on campus and earn a paycheck to help you pay for college.
L Loans: These are funds that students borrow from the federal government or other lenders. Loans must be repaid when students graduate or stop attending school. Repayment for federal loans begins six months after you graduate, withdraw or drop below half-time status. The Office of Financial Aid recommends that students borrow only what they need.
M Other Resources: These can include some veteran benefits, third-party credits or pre-paid tuition plans, among others.
Awards listed on your award notice that do not include an asterisk (*) are awards you are receiving from another source. It is your responsibility to confirm these awards with the sponsor(s) and report any changes to OFA.
Your award also includes a link to further instructions and certification that it is assumed you will read and understand, explaining your rights and responsibilities for accepting financial aid. The link to this certification can be found here.
You will receive an email from the Office of Financial Aid when you have a new or revised Award Notice. Visit Wolverine Access and log in to view it.
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