|Spring Term 2022||April 30, 2022*|
|Spring/Summer Term 2022||April 30, 2022*|
|Summer Term 2022||June 30, 2022*|
|Fall 2022||August 31, 2022*|
|Winter 2023||January 31, 2023*|
* All due dates are subject to change.
Information regarding Bills, Payments, Payment Plan, Credits and Refunds (including Enrollment Deposit)
Students receive an emailed invoice from the University of Michigan Office of Student Financial Operations approximately 2 weeks prior to the tuition due date. Find information on paying bills, payment plans, late charges, and more on the Student Financial Services website.
Estimating your University of Michigan Bill
Go to Wolverine Access > Campus Finances > Financial Planning Calculator > Calculate Estimated Bill
Once at the site, answer a few questions and select “Calculate Estimated Bill” to see what your bill will be for the upcoming term. The bill estimator is not available for the spring and/or summer terms.
For students that have corporate sponsorship and would like University of Michigan to invoice employer to arrange payment, contact the Student Financial Services – Sponsor team for assistance: firstname.lastname@example.org or (734) 764-7447.
Financial Aid Disbursement
Financial aid funds disburse approximately 10 days prior to the first day of the term. Financial aid pays tuition and fees first. If you have financial aid funds that exceed the charges on your student account at the time of disbursement, you will receive a refund, which may be used to pay other educationally related expenses. Note: that if subsequent charges are made to your account, you are responsible for paying them. Your refund will be issued in the form of either a direct deposit into your bank account or a check mailed to your current active address in Wolverine Access.
Credits and Refunds (Including Enrollment Deposit)
If payments to your student account (financial aid and/or other payments) exceed the charges due, you may be eligible to receive a refund. Most refunds automatically process. However, some financial aid and cash payments in excess of student account charges (including electronic payments and budget plan payments) will not automatically refund—they become account credit.
If your bill is paid in full and excess financial aid remains on the account as a credit, contact Ross Financial Aid to determine if the credit can be refunded.
If your bill is paid in full and cash payments remain on the account as a credit, you may leave the credit on the account to apply toward future charges, or you may contact Student Financial Services to request the credit be sent to you as a refund.
We highly recommend all students set up direct deposit via Wolverine Access. Without direct deposit, refunds will be mailed to your current active address in Wolverine Access. Be sure your current active address is updated. To set up direct deposit, log into Wolverine Access > Students tab > Student Business > Payroll and Compensation > Direct Deposit. Direct deposit will remain in effect until you cancel it.
The Ross School of Business Office of Financial Aid is a satellite office of the University of Michigan Office of Financial Aid.