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 Parent Guide

Many U-M parents are actively involved in their children's lives, especially when it involves college finances. To help parents be informed about financial aid, we offer this page of information and links that parents of U-M students often find useful.

On this page

 

YOUR STUDENT'S FINANCIAL AID INFORMATION

We send most of our correspondence regarding students' financial aid directly to students via email. If you want to stay informed and help your student manage his or her financial aid, there are a couple of things to know:

 REQUESTING INFORMATION ABOUT YOUR STUDENT

Under the Family Educational Rights and Privacy Act (FERPA) and University of Michigan policy, we are prohibited from releasing financial aid information to anyone other than registered U-M students. We can discuss financial information with dependent students' parents or custodial parents, if parents provide identifying information (the student's UMID) and if the student's dependency status is confirmed.

ACCESSING YOUR STUDENT'S FINANCIAL INFORMATION ON WOLVERINE ACCESS

Students manage most of their business transactions, including financial aid, on the web via the secure student portal called Wolverine Access. The Parent/Family Authorization feature of Wolverine Access allows students to authorize a "Friend (guest) Account" for their parents or other family members. With a Friend Account you can access your student's financial aid award notices, financial aid forms/documents and bills.

Ask your student to authorize a Friend Account:  Have them select the Parent/Family Authorization page from within Wolverine Access. There, they can select "My Financial Aid Data" to grant access to financial aid information and "My Student Account Data" to grant access to the student account (billing).

Students may also authorize you to receive e-newsletters and emails about student accounts, housing, university alerts and bulletins.

Within 24 hours, you will receive an email with Friend Account setup instructions. For more information, visit the U-M Information Technology website. Once a Friend Account is established, visit Wolverine Access and select "My Student's Information" (under "Parents & Family"). Note: It can take up to 30 minutes for parents access a student's award notice documents.

Internet Explorer is the preferred browser for accessing Wolverine Access. If you are using a non-Explorer browser and need technical assistance, contact U-M Information and Technology Services at 734-764-4357.

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YOUR STUDENT'S ACCOUNT AND BILL 

The University of Michigan Student Financial Services office maintains students’ university accounts and issues student bills. If you have questions about your student's account or bill, you may contact Student Financial Services directly.

For basic information about student bills and how financial aid appears on the student bill, see Your Student Account and eBill. 

 

LOAN INFORMATION

Information about students loans can be found by navigating to the Types of Aid > Loans section. Each type of federal loan is explained and guidance on finding private loans is provided.

See the Direct PLUS Loans page to find out how to apply for a Direct PLUS Loan to assist with your student's . The Direct PLUS Loan is a non-need-based federal loan with favorable terms that is available to parents with an acceptable credit history. Because federal loans offer several advantages, we encourage families to explore all available federal loan programs before taking out a private loan.

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PUBLICATIONS FOR YOUR STUDENT

Current and archived versions of these and other publications can be found on the OFA Publications page. 

Required Reading

 REQUIRED READING 2015-16 

An all-inclusive guide to financial aid at the University of Michigan.

Information for Prospective Students

 INFORMATION FOR PROSPECTIVE STUDENTS & THEIR FAMILIES 2015-16 

Information about the prospective student's estimated award notice with instructions for what the student needs to do

 FINANCIAL AID NEWSLETTERS

Timely information for entering and continuing U-M students; covers application instructions and deadlines, updates and policies and procedures, and how-to information related to financial aid. Published in July, November and February each academic year.

 CONSUMER INFORMATION ABOUT U-M

This brochure covers information that the university is required to make available as an institution that administers federal financial aid. Distributed once per term to all enrolled students.

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FINANCIAL AID CALCULATORS

 U-M NET PRICE CALCULATOR

U-M partners with the College Board for its net price calculator tool, offering families an estimate of college costs and the financial aid you might expect based on income, assets and family information. It's confidential and you can enter information either as a guest or create a College Board account and save your information for future use or comparison to other colleges. Find the calculator at: https://npc.collegeboard.org/student/app/umich.

  CALCULATORS ON WOLVERINE ACCESS

If your student has authorized you to access his or her financial aid and/or student account information on Wolverine Access, you will be able to use these calculators.

  • To estimate your loan eligibility:  Visit Wolverine Access > Campus Finances > Financial Planning Calculator > Calculate Private/PLUS Loan Eligibility. Use this calculator to see how much you would be able to borrow through a private loan program or through the Federal Direct PLUS Loan for the Fall and Winter terms. (The calculator is not available for Spring/Summer term eligibility.)
  • To estimate your University of Michigan Bill: Visit Wolverine Access > Campus Finances > Financial Planning Calculator > Calculate Estimated Bill.  Answer a few questions and select "Calculate Estimated Bill" to see a Fall term estimate. Beginning in mid to late September, you will be able to view a  Winter Term bill estimate. (The estimator is not available for Spring/Summer bills.)
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Office of Financial Aid * 2500 Student Activities Building, 515 E. Jefferson, Ann Arbor, MI 48109-1316 * Tel 734-763-6600 * Fax 734-647-3081 * financial.aid@umich.edu
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