Your Student Account and eBill
U-M Student Financial Services, a unit of the U-M Financial Operations Division, maintains University accounts and issues student bills. Since you are responsible for ensuring that your University bills are paid on time each term, you should monitor your student account, check your balance frequently, and become familiar with the way your financial aid appears on your account. This page provides information that will help you in that process. Student Financial Services maintains a list of frequently asked questions about student accounts and billing that might be helpful.
If you receive financial aid administered by our office, such as scholarships, grants and loans, it will appear on your student account and be applied against your charges, usually during the first month of the term. Other aid types, such as Michigan Competitive Scholarship, private scholarships, and Michigan Education Trust contracts, will also be applied directly to account charges and will be reflected on your bill. If you have a Michigan Education Trust (MET) contract, notify MET that you are attending U-M so your account will be credited with MET funds.)
- Some types of aid have restricted uses. For example, federal aid funds cannot be used to pay for orientation charges, lost ID fees, etc.). Some awards may only be applied to tuition. This may leave charges on your account and you are responsible for paying any balance due, even after receiving a financial aid refund. (See Terms and Conditions of Your Aid.)
- Expenses such as books, which are included in your estimated financial aid budget, do not appear on your account statement. You must allocate part of your aid refund to pay for these directly.
- Federal Direct Loan payments applied to your account will be lower than amounts listed on your Award Notice because loan origination fees are deducted.
- Work-Study funds do not appear on your account. You receive your Work-Study award by getting a part-time job with a qualified employer and earning a paycheck. You may receive your first paycheck after payment is due, so you need to be sure you budget enough to pay your bill using other sources.
- If a private scholarship check was sent to you, follow our instructions to ensure that it is applied to your account.
- If you have a credit balance on your account because of payments you made (including electronic payments and budget plan payments), they will remain as a credit (overpayment) unless you contact Student Financial Services to release the funds.
To determine how much you owe U-M:
- Summary of charges: Log in to Wolverine Access and view your Account Summary in the Finances section. The total amount you owe is listed there.
- Detailed charges: Select Account Inquiry from your Student Center. The Charges Due page that opens shows a running total of your charges due by date. You may view individual bills by clicking on the invoice number in the Invoices Due section.
- Invoice Detail: This shows the details of your monthly bill. The activity and amount due are current as of the date you review the bill and will change as payments and credits are posted to your account. You may select Print Bill to make a copy or Pay Now to pay it. If you have questions, select the Help button and go to Student Business Help.
You may wish to authorize a Friend Account for your parents so that they can also view/print your student bills.
Pending Financial Aid is the amount of aid the university expects to credit to your student account, based on your financial aid award.
Because student bills are issued before financial aid funds are disbursed for the semester, Pending Aid is included so you can see how much aid is anticipated and how much you will need to pay toward your account balance. If you are enrolled full-time and you have signed the required documents (such as loan promissory notes), pending aid will appear on your first bill for the semester and will be subtracted from your total charges. When financial aid for the term is credited to your account, the pending aid items will be removed.
Payment for each term is due on the date specified. You are responsible for paying a balance on your account by the due date to avoid late fees and having a financial hold put on your account. A financial hold prohibits release of transcripts, future registration, and the issuance of a diploma.
Student Financial Services accepts payments online, by email, and in person. See the Student Financial Services website for information about how to make a payment. The University does not accept credit card payments. If you anticipate difficulty paying for charges, you may want to consider the U-M Payment Plan, which allows payments to be made over 5 or 10 months (for a fee). See the Student Financial Services website for information.
The financial planning calculator in Wolverine Access will help you estimate your student bills for Fall and Winter terms before they are issued. (This tool is not available for Spring/Summer bills.)
After logging in, select Campus Finances > Financial Planning Calculator. Once at the site, answer a few questions, then select Calculate Estimated Bill to see what your bill will be for Fall Term. Later in the term, you will be able to estimate your Winter Term bill.
If you have authorized a Friend Account for your parents or others to access your financial aid and/or student account information, they will also be able to use the calculators.
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