{"id":226,"date":"2018-05-29T20:50:54","date_gmt":"2018-05-30T00:50:54","guid":{"rendered":"https:\/\/rossweb.bus.umich.edu\/financial-aid\/financial_aid\/financial-aid\/"},"modified":"2026-08-10T09:53:24","modified_gmt":"2026-08-10T13:53:24","slug":"financial-aid","status":"publish","type":"page","link":"https:\/\/rossweb.bus.umich.edu\/financial-aid\/","title":{"rendered":"Welcome to Ross Financial Aid"},"content":{"rendered":"\n
Office closure notice: Our office will be closed on Monday, August 17, 2026. Drop-in will resume on Tuesday, August 18 at 1:30 pm (EST).<\/mark><\/h5>\n\n\n\n
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Key Information for Financial Aid For 2026-2027 (University of Michigan Financial Aid Office)<\/strong><\/a><\/div>\n<\/div>\n\n\n
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Daily Virtual Open Advising Hours:<\/h3>\n\n\n\n

Monday, Wednesday, Friday  9:00 am – 11:00 am EST
Tuesday and Thursday             1:30 pm – 3:30 pm EST<\/strong><\/p>\n\n\n\n

During the above open advising times, you may send a message (with your UMID number) through Google Chat to rossfinaid@umich.edu<\/a> 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.<\/p>\n\n\n\n

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Required Reading<\/h3>\n\n\n\n

Required Reading<\/a> 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.<\/p>\n\n\n\n

News<\/h3>\n\n\n\n

Read the Office of Financial Aid Publications and Newsletters<\/a> for important tips and information.<\/p>\n\n\n\n

Financial Aid Checklist<\/h3>\n<\/div>\n\n\n\n
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Financial Aid Checklist for US Citizens and Permanent Residents (PDF)<\/a><\/p>\n\n\n\n

Financial Aid Checklist for International Students (PDF)<\/a><\/p>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n

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Schedule a 15-minute Zoom Advising Appointment: <\/h3>\n\n\n\n

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

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Fall 2026 Financial Aid<\/strong> Disbursement Information:<\/strong><\/h3>\n\n\n\n

Student aid should be disbursed towards student accounts by August 22, 2026. Students can expect a refund on\/after Monday, August 27, 2026.<\/p>\n<\/div><\/div>\n<\/div><\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n

Spring and Summer 2026 Financial Aid<\/strong> Disbursement Information:<\/strong><\/h3>\n\n\n\n
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Spring and Spring\/Summer terms: <\/strong><\/p>\n\n\n\n

Student aid should be disbursed towards student accounts by April 27, 2026. Students can expect a refund on\/after May 1, 2026<\/p>\n\n\n\n

Summer term: <\/strong><\/p>\n\n\n\n

Student aid should be disbursed towards student accounts by June 25, 2026. Students can expect a refund on\/after June 29, 2026.<\/p>\n<\/div>\n\n\n\n

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Financial Aid Refund information:
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Refunds are issued by check, unless the student has set up direct deposit prior to disbursement. Checks are mailed to students without direct deposit to their current active address in Wolverine Access. Mail delivery dates cannot be confirmed. <\/p>\n<\/div>\n<\/div>\n\n\n\n

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.<\/p>\n\n\n\n

Consider Direct Deposit \u2013 Convenient and Secure<\/strong> for your refund. <\/h5>\n\n\n\n
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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. This short video<\/strong><\/a> explains the importance of Direct Deposit.
Wolverine Access > Student Business > Payroll and Compensation > Direct Deposit<\/em>.  <\/p>\n<\/div>\n<\/div>\n\n\n\n

2026 – 2027 Billing Information<\/strong> per Student Financial Services<\/span><\/mark><\/a>*<\/h3>\n\n\n\n
Fall 2026:<\/strong><\/h6>\n\n\n\n