Daily Virtual Open Advising Hours:

Monday, Wednesday, Friday  9:00 am – 11:00 am EST
Tuesday and Thursday             1:30 pm – 3:30 pm EST

During the above open advising times, you may send a message (with your UMID number) through Google Chat to rossfinaid@umich.edu to initiate a virtual meeting. Messages will be answered in the order received, (wait time may exist). Once we are ready to assist, we will send you an invite to join us in a Google Meet room. We will wait no longer than 3 minutes for you to join before ending the meeting and moving onto the next meeting. Ross Financial Aid will not be available for virtual open advising outside of these times. Times are in Standard Eastern time zone.

Required Reading

Required Reading is the reference and resource guide for students who are awarded financial aid at the University of Michigan. We call it Required Reading because it answers many questions students ask about their financial aid and provides information you must know in order to receive financial aid at U-M. You are expected to read it in order to understand the rights and responsibilities that go along with receiving your aid.


Read the Office of Financial Aid Publications and Newsletters for important tips and information.

Financial Aid Checklist

Schedule a 15 minute Advising Appointment: 

Click on the Advising System to schedule a 15 minute appointment to meet by Google Meet at a designated time with Ross Financial Aid.  Students can choose to video conference or dial in via phone to Google Meet. Need to meet with us sooner? Feel free to visit us during Virtual Open Advising (see instructions to the left).

Fall 2023 Aid

The first Fall 2023 direct deposit refunds to Ross School of Business students should be available on or after August 24, 2023 as long as direct deposit is set up by August 15, 2023.

Any financial aid funds received on/after August 24 will have funds disbursed during our weekly process each Wednesday/Thursday.

Checks are mailed to students without direct deposit to their current active address in Wolverine Access. Mail delivery dates cannot be confirmed. 

Direct Deposit

Set up your Direct Deposit to get refunds sooner at  Wolverine Access > Student Business > Payroll and Compensation > Direct Deposit. Be sure that your current address on file up is always up to date.

Budgeting and Financial Planning

Budget Wizard (Cash Course budget wizard website)
Your Money Your Life (U-M Office of Financial Aid)

Managing & Repayment tools

Repayment Plans & Calculators (U.S. Dept. of Edu for Federal Loans)
Loan Limits and Calculators (U-M Office of Financial Aid)

Estimating your Monthly Loan Payments

Payment Plan Simulator (U.S. Dept. of Edu for Federal Loans)
Student Loan Calculator (College Board for all loans)  

Contact Information

Contact us through email (most emails are answered within 1-2 business days), daily virtual open advising, or schedule a 15 minute Google Meet appointment (join by video or phone). 

Email: rossfinaid@umich.edu, Be sure to included your UMID number.

Ross Financial Aid Office Location:

Kresge Hall, Third Floor, Room K3521
700 East University
Ann Arbor, MI 48109-1234

Phone:   734-764-5139
Fax:        734-764-2129


Ross Financial Aid Staff:

Mershawn Gayden
Assistant Director
Barbara Stevens
Financial Aid Coordinator

The Ross School of Business Office of Financial Aid is a satellite office of the University of Michigan Office of Financial Aid.