Moving from on-campus housing to off-campus housing does not affect your financial aid awards.

Part or all of a grant, scholarship, or fellowship may be taxable even if you do not receive a W-2 form. If you are in a degree program, amounts you use for expenses other than tuition and course-related expenses (e.g. amounts used for room, board, and travel) are taxable. To determine this taxable amount, add up all grant, scholarship, and fellowship awards received in a calendar year, then subtract all tuition, fees and book and supply expenses. If the remaining amount is a positive number, it must be reported as income. This amount must also be reported on Worksheet C of your FAFSA. If you are not in a degree program, the full amount of the grant, scholarship or fellowship is taxable.  For a printable worksheet to calculate this amount click on this link:

Do I have to report any grants, scholarships, or fellowships to the IRS as income? 

You must have Adobe Acrobat Reader to view/print the above worksheet. 

Contact the Internal Revenue Service for more detailed information.

Yes. Any money received as the result of work (i.e., Work-Study employment, temporary employment on or off campus, some fellowships, etc.) is considered taxable income. You will be asked to file a withholding form (W-4) and you will receive a statement of income and taxes withheld form (W-2) each calendar year. Your taxable earnings from need-based employment must also be reported on Worksheet C of your FAFSA. Questions regarding your withholding status should be directed to the University Payroll Office.

If your parent loses his or her job resulting in a loss of family income, you should contact our office immediately.  The Office of Financial Aid recognizes that special circumstances such as a change in employment may affect the family's ability to pay college costs. Our ability to provide additional assistance will be determined by when you inform us of the change and provide documentation, and whether funds are available at the time you contact us.  For more information about requesting a reevaluation of your aid eligibility based on your change in circumstances, click here.

Students are strongly encouraged to pay for a computer purchase either with financial gifts from relatives and friends or with earnings from summer jobs.  If this is not possible, the Office of Financial Aid allows students to borrow (usually through a private lender) for the purchase of a computer.  Students are allowed to borrow for a computer only once during their educational career at the University.  Documentation (receipt or written estimate) of the purchase is required.  Contact our office to learn more.

For a printable chart with requirements, click on this link:

Federal Income Tax Filing Requirements

You must have Adobe Acrobat Reader to view/print the above worksheet. 

• A scholarship or award received is not limited to only one year;
• Your family's financial situation remains similar--dramatic changes in income, marital status, or a change in the number of family members in college will affect your Expected Family Contribution and therefore, your amount of financial aid eligibility;
• The federal, state, and institutional funding of financial aid programs remains similar;
• You submit the appropriate application materials by the required deadlines;
• You continue to meet the enrollment level and Satisfactory Academic Progress requirements. The Office of Financial Aid monitors enrollment levels (the number of credit hours you take) during each term. If you drop courses and fall below the minimum credit hour requirements, you may be required to repay all or part of the aid you received; and
• You report accurate information (income, assets, etc.) on your financial aid application(s).

No.  If you are enrolled at more than one college or university at the same time, you may receive financial aid from one of the institutions, not both.   Contact OFA for more information.

Undergraduate students who have already received a bachelor's degree will only be eligible for loans while pursuing additional bachelor's degree(s).  This includes students in dual degree programs who have already met the requirements for one of their degrees and are continuing their education toward the additional degree.

No.  When calculating the financial need of students, credit is given for each sibling enrolled at least half-time in a college program leading to an undergraduate degree or certificate.  This is a way to recognize the financial impact that children attending college place on a family and it reduces the amount the family is expected to pay toward teh student's college costs.  Parents cannot be included in this number.  The Office of Financial Aid will reduce the number of family members in college if you included a parent in this number; only the student and the student's siblings may be included.  If you have a sibling in high school who is attending classes at a college/university, this sibling also cannot be counted as enrolled in college.  A reduction in the number of family members in college may significantly reduce your eligibility for financial aid.

That depends.  If you request reinstatement within the term that the aid was granted, you are still enrolled, and your eligibility has not changed, we can typically reinstate Federal Direct Stafford Loans (Subsidized and Unsubsidized) and Pell Grants.  Reinstatement of aid from other programs would be dependent upon whether funds were available in the various aid programs and the reason for your request.

No. Depending upon your situation, you will either receive a direct deposit to your personal bank account (if you have completed a Direct Deposit Authorization form) or you will receive a check to your local "current" address on file with the Registrar's Office.

No. The Office of Financial Aid sends you a financial aid award notification email letting you know when you have a financial aid award notice available on Wolverine Access.  Your award notice lists any scholarships, grants, loans, or Work-Study that you are eligible to receive. 

The Student Financial Operations Office sends you an email when you have a student bill (sometimes called an account statement) available to view and print on Wolverine Access. Your bill is the actual amount you owe the University.  Financial aid administered by the Office of Financial Aid is applied directly to the charges listed on your bill, usually during the first month of the term. You are responsible for paying any amount not covered by these awards. For more information, see Required Reading.

Work-Study awards are earned by working for eligible employers and collecting paychecks up to the amount of the award.  To locate a Work-Study job, go to www.studentemployment.umich.edu.  Contact employers directly for interviews.  Once you have a Work-Study job, it may take up to a month to receive your Work-Study funds (in the form of a paycheck).  For more information, click here and www.studentemployment.umich.edu.

70% of undergraduate and graduate students receive some form of aid at U-M.

   In early March 2006, the University of Michigan, along with seven other institutions (see U-M's press release), received the Jack Kent Cooke Foundation Grant.  The purpose of the grant is to increase opportunities for high-achieving low-income community college students to earn bachelor's degrees from selective four-year institutions.  This grant, along with a significant financial commitment by U-M, will be used for outreach and support programs to recruit and retain community college transfer students to add to the diversity of the University community.
   Under the terms of the grant, funds from the Jack Kent Cooke Foundation cannot be used for financial aid.  Admission to U-M is need-blind.  All students, including transfer students, who apply for need-based financial aid are treated equally.  U-M has a longstanding commitment to ensuring that the full demonstrated financial need of every Michigan resident undergraduate student is met with a package of grants, scholarships, Work-Study, and loans.  The University does not have sufficient funds to meet the full demonstrated financial need of nonresident students directly; however, those students who are eligible for scholarships from U-M or other private sources, may be eligible to cover their costs through these combined resources.  Another option for nonresident students is the Federal Direct PLUS Loan and private loans.
   All community college students considering transferring to U-M should apply for financial aid.