Welcome to Ross Financial Aid

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.

News

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).

Spring, Spring/Summer and Summer 2024 Financial Aid Disbursements

Spring and Spring/Summer 2024 refunds to Ross Business students should be available on or after May 3. Students would receive a paper check to a current address on file if direct deposit is not set up prior to May 3.

Summer 2024 refunds to Ross Business students should be available on or after June 24. Students would receive a paper check to a current address on file if direct deposit is not set up prior to June 24.

Any financial aid funds received on/after after a term’s first financial aid disbursement 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. 

Spring, Spring/Summer and Summer 2024 Billing Information:

Student Financial Services has noted that Spring and Spring/Summer statements be available mid-April. The Spring and Spring/Summer 2024 due date is set for April 30, 2024.

Student Financial Services has noted that Summer statements be available mid-June. The Summer 2024 due date is set for June 30, 2024.

Late fee ($30) are charged within 3-5 days following the due date.

Direct Deposit Set Up:

Set up your Direct Deposit to get refunds sent directly to a bank and not mailed in a paper check. Be sure that the current address on file is always up to date.
Wolverine Access > Student Business > Payroll and Compensation > Direct Deposit.

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

FAFSA SCHOOL CODE 002325

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.