REQUIRED READING 2018-2019 - Your reference and resource guide to Financial Aid at the University of Michigan - Ann Arbor - University of ...

 
REQUIRED READING 2018-2019 - Your reference and resource guide to Financial Aid at the University of Michigan - Ann Arbor - University of ...
REQUIRED READING
2018-2019

    Office of Financial Aid
    734-763-6600
    fax: 734-647-3081
    email: financial.aid@umich.edu
    finaid.umich.edu

             Your reference and resource guide to Financial Aid
                     at the University of Michigan – Ann Arbor
REQUIRED READING 2018-2019 - Your reference and resource guide to Financial Aid at the University of Michigan - Ann Arbor - University of ...
finaid.umich.edu • 2018-2019 REQUIRED READING

   2                Your reference and resource guide to financial aid
                                               at the University of Michigan – Ann Arbor

                                             Table of Contents
                                             Reviewing Your Financial Aid Award...................................................................................... 3
                                                 Finding my Financial Aid Award Notice on Wolverine Access.......................................... 3
                                                 What to do now............................................................................................................... 3
                                                 What to expect later........................................................................................................ 4
                                                 Notice to entering students............................................................................................. 4
                                             A Look at Your Award Notice................................................................................................. 5
                                                 Estimated Cost to Attend................................................................................................. 5
                                                 Financial aid offer............................................................................................................. 5
                                             How Financial Aid Is Awarded............................................................................................... 6
                                                 Estimated Cost of Attendance.......................................................................................... 6
                                                 How we determine need-based aid eligibility ................................................................. 6
                                                 How need-based aid is awarded...................................................................................... 7
                                                 A note about scholarships and other resources.............................................................. 7
                                                 Special note to nonresident students.............................................................................. 7
                                             What Are My Costs?.............................................................................................................. 8
A NOTE FROM THE
                                                 Determine your costs and calculate your bottom line..................................................... 8
    Executive Director                           Wolverine Access financial planning calculators.............................................................. 8
We are pleased to notify you of your         Loan Information................................................................................................................... 9
financial aid awards for the 2018-2019           Subsidized/Unsubsidized Federal Direct Loan................................................................. 9
academic year. This publication is               PLUS Loans an option....................................................................................................... 9
designed to help you understand your             Private Loans.................................................................................................................... 9
Financial Aid Award Notice. It also              How much should you borrow?....................................................................................... 9
provides information about specific          Terms and Conditions of Your Financial Aid Offer............................................................... 10
financial aid programs, explains your        Receiving Your Financial Aid................................................................................................ 11
rights and responsibilities, and answers         When will I receive my aid?........................................................................................... 11
often-asked questions about financial aid.       How will I receive my aid?.............................................................................................. 11
If you have more questions, visit our        Your University eBill: How Much Is Due and When............................................................. 12
website or contact us in person, by              A few notes about your bill............................................................................................ 12
phone, or by email (contact information          Pending financial aid...................................................................................................... 12
is on page 24). For future reference,        Satisfactory Academic Progress Policy...........................................................................13-14
please keep a copy of this booklet in your   Refund Policy and Return of Title IV Aid.........................................................................14-15
financial aid file or bookmark this site     Reapplying for Aid..........................................................................................................16-17
so you can download it at a future date:         2019-2020 Fall/Winter Aid............................................................................................. 16
https://finaid.umich.edu/publications.           2019 Spring/Summer Aid............................................................................................... 16
Wishing you success in the coming year!          Study Abroad................................................................................................................. 16
                                                 Special situations........................................................................................................... 17
Pamela W. Fowler                                   • Requesting a Re-evaluation of Aid Eligibility........................................................... 17
EXECUTIVE DIRECTOR
                                                   • Timing of requests................................................................................................... 17
Office of Financial Aid
                                                   • How to Appeal a Financial Aid Decision.................................................................. 17
                                             Frequently Asked Questions).............................................................................................. 18
                                             2018-2019 Major Financial Aid Programs (detailed listing)............................................19-23
                                             Important Addresses and Phone Numbers......................................................................... 24
                                             Other University Links and Information.............................................................................. 25

                                             NOTICE: Because of the nature of federal, state, and institutional guidelines affecting financial aid programs,
                                             the information contained in this publication is subject to change.
REQUIRED READING 2018-2019 - Your reference and resource guide to Financial Aid at the University of Michigan - Ann Arbor - University of ...
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        3                  Reviewing your financial aid award

                                                      https://wolverineaccess.umich.edu
                       WOLVERINE ACCESS: quick, convenient access to your password-protected financial aid and other records on the web

                                                                                       FINDING MY FINANCIAL AID AWARD
                                                                                 A     NOTICE ON WOLVERINE ACCESS
                                                                                       To view/print a PDF of your Award Notice:
                                                                                       • If you already have a uniqname: Select the Award
                                                                                         Notices tab A and choose the current Award Notice.
                                                                                       • If you are an entering student with a Friend Account:
                                                                                         Select View Financial Aid Award Notices and choose the
                                                                                         current Award Notice.
                                                             04/17/2018   2019
                                                             06/14/2018   2019
                                                             05/27/2018   2018
                                                             04/09/2018   2018
                                                             03/08/2017   2018
                                                                                       We recommend that you save or print a copy of your Award
                                                                                       Notice for your files.

                                                                                       What to do now
                                                                                       Read your Award Notice and refer to this publication for
                                                                                       information about the financial aid awards offered. (The
                                                                                 B     Award Notice is explained on page 5.) Then:
                                                                                       • We assume you accept all awards that you do not
                                                                                         decline. You may decline or reduce any aid, including
                            Financial Aid Year 2018-2019                                 loans, without changing the aid you are accepting by
                                                                                         logging into Wolverine Access, selecting Accept/Decline
                                                                                          B from the Awards tab (not functional in Prospective
                                                                                         Student Business).
                                                                                       • Notify us if you receive scholarships, department awards,
                                                                                         fellowships, Michigan Educational Trust contracts, ROTC
                                                                                         scholarships, veterans benefits, or other aid not listed on
                                                                                         your Award Notice. Select View/Report Additional Aid C
                                                                                         from the Awards tab to do this.
                                                                                       • If name, UMID, residency, grade level and/or career are
                                                                                         not correct on your Award Notice, contact the Registrar’s
                                                                                         Office as soon as possible. If your address is incorrect,
Jun/16/2008 10:04 AM
                                                                                         change it using Wolverine Access.
                                                                                 C     • Complete your online Direct Loan Master Promissory
                                                                                         Note using your Federal Student Aid ID (FSA ID) and
                                                                                         review important information about your federal loan
                              Financial Aid Year 2018-2019                               accounts online.
                                                                                       • Finally, authorize a Friend account for your parents,
                                                                                         so that they may also access your Award Notice.
                                                                                         See https://finaid.umich.edu/wolverine for more
                                                                                         information.

                                                                                                                                   (continued on next page)
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  4             Reviewing your financial aid award

(continued from previous page)                A summary of your awards is also available on Wolverine Access:
                                              • If you have a U-M uniqname: Select                 • If you are an entering student with
What to expect later                            the Student tab in Wolverine Access                  a Friend account: Select the Student
                                                and choose Student Business > Student                tab, choose the New & Prospective
• Check your email and the Documents/
                                                Center > Financial Aid > Aid Year >                  Student Business section > New &
  Review page of the Wolverine Access
                                                Awards > Award Summary D .                           Prospective Student Center > View
  Financial Aid section (for New &
                                                                                                     Financial Aid Award Summary.
  Prospective students, select View
  Financial Aid Document Status).
  Respond immediately to requests
  from our office asking for additional
  information.
• If your aid is adjusted, you will get an
                                                                                                                                   D
  email noting that you have a revised
  Award Notice.                                                     Financial Aid Year 2018-2019

• Complete/sign all applicable
  loan promissory notes; look for
  correspondence from our office by
  email.

DIRECT LOANS
If you have Direct Loans, complete your
Direct Loan Master Promissory Note
(MPN) online at studentloans.gov to
receive your funds. See https://finaid.                               Winter 2019
umich.edu/MPN for information. (If you
have previously signed a Direct Loan
MPN at U-M, do not sign another unless
you have been out of school for one year
or more.) First-time borrowers at U-M
                                             Jun/16/2008 09:56 AM

must also complete online loan entrance
counseling. You will receive an email
                                                    Notice to entering students:
reminder.
                                                    NEWLY ADMITTED FRESHMEN, TRANSFER STUDENTS,
HEALTH OR NURSING LOANS                             AND GRADUATE STUDENTS:
If you were awarded a Health Professions,           An offer of financial aid does not constitute admission to the
or Nursing Loan (https://finaid.umich.
                                                    University of Michigan or acceptance of U-M scholarships.
edu/health-professions-nursing-loans),
complete your loan documents (MPN,                  Accept your admission through the
Rights and Responsibilities Statement)
                                                    office that admitted you (such as
online using Wolverine Access to receive
your funds. Health Professions and                  Office of Undergraduate Admissions
Nursing Loan recipients must complete a             or the Rackham Graduate School).
Rights and Responsibilities Statement each
year on Wolverine Access.
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   5                A look at your Award Notice

Below is a description of your U-M Award Notice. Read all pages
                                                                                                                                                                                         ESTIMATED
                                                                                                                                                                                          OFFICIAL
including links that are part of your agreement to accept federal
                                                                                                                                                                                   2018-2019
                                                                                                                                                                                   2016-2017Award
                                                                                                                                                                                             Award Notice
                                                                                                                                                                                                   Notice
aid funds. Page 2 of the Award Notice offers instructions about
what to do next, details the cost of borrowing and consumer
information about the University.                                                             Student name:   Joe Student                                                                      UMID:   12345678
                                                                                              Primary Career and Grade Level:   Undergraduate, LSA       A                                     Enrollment assumption:   Full-time
                                                                                                                                                                                                                                     C
Information from your financial aid application such as income,                           B   Residency status:   In-State                                                                     Date of
                                                                                                                                                                                               Date            March 1,
                                                                                                                                                                                                        issue: March
                                                                                                                                                                                                    of issue:        1, 2018
                                                                                                                                                                                                                        2016

assets, family size, as well as residency status, program and                                 Below is the nancial aid package being offered to you by the University of Michigan-Ann Arbor. This notice gives details about the
                                                                                              cost of attending U-M, aid offered and remaining costs that can be met through loans or other personal and private sources of

enrollment determines your eligibility for aid and what type of
                                                                                              funding. Information about how to accept or decline parts of your award and your responsibilities in accepting federal nancial aid
                                                                                              are found in Required Reading (view electronically or download at naid.umich.edu/Publications).

awards you will receive. Personal information highlights include:                             For descriptions of nancial aid programs visit naid.umich.edu/Denitions

                                                                                              TERMS:                                                                                    Fall              Winter                    TOTAL

A PRIMARY CAREER AND GRADE LEVEL: This section                                            D Estimated cost to attend U-M
                                                                                              (naid.umich.edu/Cost):

includes your level (undergraduate or graduate/professional) and                              • Tuition & Fees
                                                                                              •* Housing
                                                                                                 Housing Costs
                                                                                                         & Meal(either
                                                                                                                 Costson-campus   or off-campus)
                                                                                                                       (either on-campus   or off-campus)
                                                                                                                                                                        E
                                                                                                                                                                        F
                                                                                                                                                                                      $6,743
                                                                                                                                                                                      $7,413
                                                                                                                                                                                      $5,123
                                                                                                                                                                                      $5,599
                                                                                                                                                                                                         $6,743
                                                                                                                                                                                                         $7,413
                                                                                                                                                                                                         $5,123
                                                                                                                                                                                                         $5,599
                                                                                                                                                                                                                               $13,486
                                                                                                                                                                                                                               $14,826
                                                                                                                                                                                                                               $10,246
                                                                                                                                                                                                                               $11,196
your school or college based on information from the Office of the                            • Other Costs (books, supplies, personal expenses)                        G             $1,626
                                                                                                                                                                                      $1,751             $1,626
                                                                                                                                                                                                         $1,751                 $3,252
                                                                                                                                                                                                                                $3,502

Registrar. Contact them with questions (http://ro.umich.edu).                                 TOTAL COST                                                                             $13,492
                                                                                                                                                                                     $14,763            $13,492
                                                                                                                                                                                                        $14,763               $26,984
                                                                                                                                                                                                                              $29,526

                                                                                          H   Financial Aid Offer
B RESIDENCY STATUS: Residency at time of admissions                                           Gift Aid (DOES NOT require repayment):
                                                                                              • * Michigan
                                                                                                   University  of Michigan Grant
                                                                                                            Grant
                                                                                                                                                   I                                  $6,467             $6,647               $12,934
determines your tuition rate. Contact the Office of the Registrar at
                                                                                                                                                                                     $10,541            $10,542               $21,083
                                                                                              • * Federal Pell Grant                                                                  $2,775
                                                                                                                                                                                      $2,835             $2,775
                                                                                                                                                                                                         $2,835                $5,550
                                                                                                                                                                                                                               $5,670

(734) 764-1400 or visit http://ro.umich.edu/resreg.html.                                      • * Federal FSEOG Grant
                                                                                                                                                       J
                                                                                                                                                                                       $750
                                                                                                                                                                                         $0                 $750
                                                                                                                                                                                                              $0               $1,500
                                                                                                                                                                                                                                   $0

                                                                                              YOUR COST TO ATTEND LESS GIFT AID                                                       $3,500
                                                                                                                                                                                      $1,387             $3,500
                                                                                                                                                                                                         $1,386                 $7,000
                                                                                                                                                                                                                                $2,773

C ENROLLMENT: We assume full-time enrollment for aid                                      K   Work-Study (earned wages, not applied to student account):

purposes; students must be enrolled at least half-time to receive
                                                                                              • * FEDERAL WORK STUDY
                                                                                                   Funds earned by working in an approved Work-Study job and earning                  $1,250
                                                                                                                                                                                      $1,250             $1,250                 $2,500
                                                                                                                                                                                                                                $2,500
                                                                                                   a paycheck.
aid. We will monitor enrollment and changes may reduce or
cancel aid, even after you receive your funds. (See “Special note to                      L   Loans (must be repaid):
                                                                                              • * FED PERKINS LOAN
                                                                                                                                                                                         $0
                                                                                                                                                                                       $500                   $0
                                                                                                                                                                                                            $500                    $0
                                                                                                                                                                                                                                $1,000
students enrolled less than full-time,” page 11).
                                                                                                   For your cumulative Perkins Loan amount, see Wolverine Access.
                                                                                              • * FED DIRECT SUBSIDIZED LOAN
                                                                                                   For previous Direct Loan recipients, funds will be disbursed unless declined.      $1,750
                                                                                                                                                                                          $0             $1,750
                                                                                                                                                                                                             $0                 $3,500
                                                                                                                                                                                                                                    $0

          Full-Term Credit Hour Requirements for Financial Aid
                                                                                          M   Other Resources:

                                                                                              YOUR COST IF USING ALL AID OFFERED                                                         $0
                                                                                                                                                                                       $137                   $0
                                                                                                                                                                                                            $136                      $0
                                                                                                                                                                                                                                    $273
                         FALL/WINTER TERMS
                                                                                              NEXT STEPS AND BORROWING OPTIONS:
                                                                             Less Than
                                  Full-Time     3/4 Time*      1/2 Time*
                                                                             1/2 Time

 UNDERGRADUATE                      12+           9 - 11           6-8        No Aid      Financial Aid Offer                                                   H
 GRADUATE*                           8+            6-7             4-5        No Aid      This section lists your financial aid awards for each term. If you
                                                                                          receive scholarships or grants (money that is not repaid), they will
*Cost of Attendance will be adjusted to reflect graduate students enrolled for less       fall under the gift aid I section. We subtract this from your cost
than 9 credit hours (5 for half-time) and this could result in reduced aid eligibility.
                                                                                          to attend, leaving you with your cost J .

If any information on your Award Notice is incorrect, contact the                         The remaining sections in the Award Notice offer you options for
Office of Financial Aid and the appropriate University department                         paying this amount and can include:
to correct the information.
                                                                                          K WORK-STUDY: This federal program allows you to apply for
                                                                                          Work-Study jobs and earn a paycheck to help you pay for college.
Estimated Cost to Attend U-M                                   D
                                                                                           L LOANS: These are funds that students borrow from the
This section shows the estimatedamount it costs to attend U-M
                                                                                          federal government or other lenders. Loans must be repaid
for the period covered by your Award Notice (see page 6). It
                                                                                          when students graduate or stop attending school. Federal loan
includes tuition and fees E as charged on your student bill,
                                                                                          repayment begins six months after you graduate, withdraw or
housing and meal costs F (on or off campus) and other costs G
                                                                                          drop below half-time status. Borrow only what you need.
which can include books, supplies and personal expenses. Your
actual expenses may vary; periodic student surveys determine                              M OTHER RESOURCES: These include some VA benefits,
these personal costs and estimates of typical aid. (See “What Your                        third-party credits or pre-paid tuition plans, among others.
Costs Will Be” on page 8).

   AID PROGRAM LISTINGS:                 Refer to pages 19-23 for descriptions of U-M’s major financial aid programs for 2018-2019.
   Awards on your notice that DO NOT include and asterisk (*) are from sources other than the Office of Financial Aid. You must confirm
   these awards with the sponsor(s) and report any changes to us.
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     6                  How financial aid is awarded

Estimated Cost of Attendance for Fall/Winter 2018-2019
                              MICHIGAN RESIDENT                                                                                            NONRESIDENT
                            Freshmen/                     Juniors/               Graduate                                          Freshmen/                     Juniors/               Graduate
                           Sophomores                      Seniors               Students                                         Sophomores                      Seniors               Students
            Tuition                                                                                                 Tuition
            & Fees              $15,262                 $17,188                  $23,456                            & Fees              $49,350                 $52,814                 $47,006
          Housing                                                                                                 Housing
          & Meals               $11,534                 $11,534                  $15,570                          & Meals               $11,534                 $11,534                 $15,570
          Books &                                                                                                Books &
          Supplies              $ 1,048                 $ 1,048                  $ 1,192                         Supplies               $ 1,048                 $ 1,048                 $ 1,192
        Personal/                                                                                               Personal/
            Misc.               $ 2,454                 $ 2,454                  $ 6,588                            Misc.               $ 2,454                 $ 2,454                 $ 6,588
             Total                                                                                                  Total
           Budget             $30,298                 $32,224                  $46,806                            Budget             $64,386                  $67,850                 $70,356

 1
     Estimated budgets are based on 2018-2019 tuition rates as approved by the U-M Board of Regents in June 2018 and use information from the College of Literature, Science and the Arts.
     Tuition and fees may be different depending on a student’s program of study; current full- and part-time tuition and fees for all U-M schools and colleges are available from the Office of the
     Registrar’s website at http://ro.umich.edu/tuition. New tuition rates are approved by the Regents each June.
 2
     Book and supply costs for students in the School of Art, Architecture and Urban Planning, Dental Hygiene, and Business Administration are typically higher than the above estimates. Contact
     our office for exact figures.
 3
     The estimated housing and meals rate listed for undergraduates is based on double occupancy in a residence hall. The estimated housing and meals allowance for students living with parents
     and commuting to campus is $4,814 for the year.

How we determine need-based aid eligibility
Financial aid programs were created                                   EXPECTED FAMILY CONTRIBUTION                                            equity). Allowance for living expenses
with the assumption that the primary                                  (EFC) is a formula applied uniformly to all                             (based on family size), taxes paid,
responsibility for paying for college rests                           aid applicants and considers information                                siblings in college, and retirement asset
with student and family. Need-based                                   provided on the Free Application for                                    protection are built into the formula.
financial aid is available to families who                            Federal Student Aid (FAFSA) and, for                                 2. The Student Contribution – What a
need additional resources. The formula we                             entering applicants, the CSS Financial Aid                              student is expected to pay based on
use to determine need-based eligibility is:                           PROFILE, in addition to other documents                                 income, savings and other assets.
                                                                      we request. The FAFSA determines
 COST OF ATTENDANCE                                                   eligibility for federal aid; the PROFILE                             Your EFC is determined early in the
  – Expected Family Contribution (EFC)                                eligibility for U-M gift aid.                                        process of assessing your financial need
                                                                                                                                           and, unless your circumstances change,
     – Other Financial Resources                                      The EFC is made up of two parts:                                     your EFC remains constant for your time
       (private scholarships, etc.)                                   1. The Parent Contribution – What parents                            at U-M. Financial aid is not applied against
  = Eligibility for Need-Based                                           are expected to pay toward annual                                 student and parent contributions.
     Financial Aid                                                       college costs, based on income and
       		                                                                assets (cash, checking, savings, and                              SCHOLARSHIPS AND OTHER
COST OF ATTENDANCE is the                                                money market accounts; investments                                FINANCIAL RESOURCES are money
estimated cost to attend U-M for Fall and                                and real estate holdings; and business                            you may receive from sources outside
Winter terms, including estimated tuition                                                                                                  of family. They can include private
and fees, books and supplies, housing                                                                                                      scholarships, merit scholarships, U-M
                                                                        A note about applying for financial aid:                           school or college scholarships, ROTC
and meals, plus a modest allowance for
                                                                        When you apply for financial aid at U-M using the                  scholarships, benefits student or parent
personal/miscellaneous expenses. The
                                                                        Free Application for Federal Student Aid, we verify                has earned through military service or
budget allows the same housing and meals
                                                                        the information you submitted to the federal
budget whether you live on or off campus,                                                                                                  other employee benefits, state awards and
                                                                        processor. We will sometimes ask you for
unless you live with your parents and then                              additional information and review other
                                                                                                                                           scholarships and prepaid tuition plans.
you will get less.                                                      university records during the application process.                 See “A Note about Scholarships and Other
                                                                        Your FAFSA record may be corrected based upon                      Resources” on the next page.
                                                                        this information.
                                                                                                                                                                         (continued on next page)
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  7             How financial aid is awarded

(continued from previous page)                                                              A NOTE ABOUT SCHOLARSHIPS
                                                                                            AND OTHER RESOURCES
How need-based aid is awarded                                                               Students may seek private scholarships and
We distribute need-based grant,                and TIP awards are considered in             get help from U-M schools and colleges to
scholarship, loan, and Work-Study              calculating U-M Grant and Go Blue            meet their college costs. They may also use
funds equitably among all eligible             Grant eligibility.*                          resources, such as ROTC scholarships, housing
applicants who apply for financial           5. Federal Work-Study                          and veterans’ benefits. These are considered as
aid by established deadline dates. A                                                        financial resources when determining need-
combination of demonstrated financial        6. Federal Direct Subsidized and               based aid eligibility. However, they will improve
need, federal award maximums,                   Unsubsidized (Stafford) Loans               your overall aid package. In general, if you
available funding and other factors          7. Health Professions Loans, and               receive outside aid (including scholarships from
determine awards. To ensure that                Nursing Loans (Federal regulations          U-M schools and colleges):
students are treated equitably, U-M             require these funds to be awarded to
                                                                                            • It is first applied against costs not accounted
may limit grant and scholarship                 students with the greatest need.)
                                                                                             for in your financial aid package (i.e.: the gap
awards to individual students. If your       8. M-Pact/ Provost Award: Offered               between the Cost of Attendance and your
grants or scholarships exceed your              as a gap award to individuals within         EFC plus the aid offered). Outside aid will not
financial aid eligibility and they include      annually determined low socio-               reduce the amount a student and family are
a U-M award, they may be adjusted.              economic status parameters. This             expected to pay.
U-M awards financial aid funds in the           award will be the first reduced if
                                                                                            • Next, it reduces your loan or Work-Study
following order to eligible students:           additional aid is received.
                                                                                              award, reducing funds you must borrow or
1. Federal and state need-based grants       9. Perkins Replacement Grant                     earn by working.
   and scholarships (Federal Pell Grants,    Students who need additional funds or          • Your grant aid is only reduced if all need-based
   Federal Supplemental Educational          who are not eligible for need-based aid          loan and Work-Study awards are replaced by
   Opportunity Grant and Michigan            may consider supplemental loans such             scholarships or other resources.
   Competitive Scholarships. SEOG            as the federal Direct PLUS Loan and/or
   funds are limited; they are awarded       private loans.                                 Some important exceptions to this rule:
   to applicants with the most need.)                                                       • Some Office of Financial Aid scholarships are
2. Tuition-Based Scholarships                                                                 awarded based on student need. This may
   (Wolverine Pathways, HAIL, Michigan                                                        reduce your U-M Grant, but your total aid
   Fairfax, pri­vately funded tuition                                                         should remain the same or be higher.
   based awards, etc.)                                                                      • If you own a 529 plan, such as a Michigan
3. Institutional Scholarships (Tappan,       *The university has instituted the Go            Education Trust contract, receive a post-9/11
   Fairfax, Presidential, etc.)              Blue Guarantee, which pays tuition and           VA benefit, or if you receive a State-funded
                                             mandatory fees for students with family          scholarship such as the Michigan Competitive
4. Institutional Grant Funding (based        incomes of $65,000 or less and assets below
   on an annually established award                                                           Scholarship, or the Detroit Compact
                                             $50,000. For students who qualify, financial
   maximum) All other institutionally        aid may contain a variety of awards that         Scholarship, Wade McCree Scholarship, or
   awarded assistance including LSA-         make up the guarantee. https://finaid.           Detroit Promise, it will be applied against your
   funded U-M Grant replacement              umich.edu/go-blue-guarantee-eligibility.         need-based grants before reducing your loan
                                             Tuition is the cost of classes and mandatory     or Work-Study.
   scholarships as well as the Michigan      fees are those the university charges to all
   Competitive Scholarship, Federal Pell     students. (See chart on page 6 for other       • Receiving a Wade McCree, Detroit Compact
   Grant, MET, VA Educational Benefits       educational costs.)                              or Detroit Promise scholarship will reduce
                                                                                              your eligibility for the university-funded U-M
                                                                                              Grant; the Jean Fairfax, Tappan, Presidential,
                                                                                              HAIL and Wolverine Pathways scholarships;
  Special note to nonresident students:                                                       and for the Michigan Competitive and Posse
                                                                                              scholarships.
  While the Office of Financial Aid does not have sufficient funds to meet the
  full demonstrated financial need of all nonresident students, students who are            • M-PACT and Provost Awards (U-M grants) are
  eligible for scholarships from U-M schools or colleges or other private sources             reduced before loan and Work-Study awards.
  may be able to cover their costs through these combined resources. Other
  options often used by nonresident families are the Federal Direct PLUS Loan               Please note: Some scholarships require full-time
  (available to the parents of undergraduate students), the Grad PLUS Loan (for             enrollment before disbursement.
  graduate students), and private loan sources.
REQUIRED READING 2018-2019 - Your reference and resource guide to Financial Aid at the University of Michigan - Ann Arbor - University of ...
finaid.umich.edu • 2018-2019 REQUIRED READING

  8            What are my costs?

Determine your costs                                           2018-2019 FALL/WINTER
                                                                                                                       Estimated Michigan
                                                                                                                         Resident Costs
                                                                                                                                                   YOUR COSTS
using your Award Notice                           Tuition & Fees: Varies by career, academic level, and
                                                  residency status. May also include lab fees.                               $15,262               $
                                                  Visit http://ro.umich.edu/tuition for current rates.
Your Award Notice has your Estimated
Cost of Attendance, which is used to              Housing & Meals: Includes residence hall contract and
                                                  optional charges. If you are renting off campus, include
calculate your financial aid awards. This         rent, security deposit, utilities, groceries, and restaurant/         +      11,534              +
worksheet shows the resources you will            carry-out expenses.
have to cover your cost to attend U-M and         Books & Supplies                                                      +       1,048              +
calculate how much you and your family
need to contribute to your education.             Personal/Miscellaneous: The estimated student
                                                  budget allows about $77 a week for these expenses.
                                                  Consider your actual expenses and include cell phone                  +       2,454              +
                                                  bills, extracurricular activities, and personal hygiene
                                                  items. Set an economical, yet realistic, allowance.
Calculate your bottom line                        TOTAL ESTIMATED COST TO ATTEND                                        = $30,298               =$
based on aid received
                                                Total Estimated Cost to Attend (from worksheet above)
Use your budget from the worksheet              Subtract Gift Aid From Your Award Notice That Are NOT Loans
                                                                                                                                     –
above and your Award Notice to complete         • Grants
this worksheet. It will tell you how much       •   Scholarships                                                                     –
you and your parents need to contribute
after financial aid is applied.                 •   Other                                                                            –
                                                Balance of Estimated Expenses That Need to Be Paid                                   =
                                                Need-Based Loans Offered on Your Award Notice
                                                These loans have no interest charges while you are in school:
                                                                                                                                                                   *
KEEP COSTS IN MIND                                                                                                                   –
                                                • Nursing or Health Professions Loans
  The double room rate used on your             •   Loans                                                                            –                             *
  Award Notice is less than the rate for
  a single room. If you choose a single         Your Net Price (What You and Your Family Will Need to Pay)                           =
  room, you must cover the difference           Amount You/Your Family Can Contribute:
                                                                                                                                     –
  between the two.                              • Parents
                                                •   Student (from savings, earnings)                                                 –
  If you live off campus, you could save
                                                •   Work-Study Award (see your Award Notice)                                         –
  money by having roommates. See
  our Off-Campus Student Resource               •   Other Sources (family gifts, etc.)                                               –
  Worksheet (https://finaid.umich.edu/          Need for additional Unsubsidized Federal Direct Loans, PLUS or Grad
  wp-content/uploads/off-campus-                PLUS Loans, or Private Loans
  wksht.pdf)                                    These loans accrue interest while you are in school, increasing either your                                        *
                                                                                                                                     =
                                                current expenses or your debt after graduation. You must apply separately for
                                                PLUS Loans and any private loans.
  The four Cs that can bust your budget:
  cars, clothes, credit cards and cell
  phones!
                                               * Add these figures to reveal your total loan debt for this year. Consider what this amount will be for all the years
                                               you are in college. Remember: What you borrow today, you will have to pay back (with interest) after you graduate.

Visit Wolverine Access to:
ESTIMATE BILL, LOAN ELIGIBILITY OR AMOUNT FOR U-M PAYMENT PLAN
To estimate your university bill; determine private educational loan, PLUS Loan, or Grad PLUS Loan eligibility; or figure out how much
to request on the U-M Payment Plan, use the Financial Planning Calculators in Wolverine Access. Visit the Student Center and select
Finances > Financial Planning Calculators

                                    https://wolverineaccess.umich.edu
REQUIRED READING 2018-2019 - Your reference and resource guide to Financial Aid at the University of Michigan - Ann Arbor - University of ...
finaid.umich.edu • 2018-2019 REQUIRED READING

  9             Loan information

                           – For loan program details, see page 22 –                              SPECIAL NOTES:
                                                                                                  Direct Subsidized Loan Time
Subsidized vs. Unsubsidized                     Private Loans                                     Limitation: New Federal Direct
Federal Direct Loan                             If you need additional financing to meet          Subsidized Loan borrowers are limited
                                                                                                  in the amount of time they qualify for
                                                your educational costs, visit https://finaid.
Students with finanical need get Federal                                                          an interest subsidy. Students who have
                                                umich.edu/private-education-loans for
Direct Subsidized Loans, while all                                                                exceeded 150 percent of the published
                                                information about private loans. Compare
applicants are eligible for Federal Direct                                                        length of their educational program
                                                rates and terms with the PLUS and Grad
Unsubsidized Loans. Subsidized Loans are                                                          will be:
                                                PLUS and consider their repayment terms.
not assessed interest while a student is
enrolled at least half-time. Unsubsidized                                                         • ineligible for additional Federal Direct
Loans are assessed interest while students                                                          Subsidized Loans (though you may
are enrolled, but interest is deferred until                                                        borrow a Federal Direct Unsubsidized
loan repayment begins. A student may pay                                                            Loan) and
interest while enrolled, which will result in                                                     • responsible for interest on all loans
lower loan payments and cost over the life                                                          accruing after exceeding the 150
of the loan. These loans have origination                                                           percent limit.
fees, so the amounts applied to your                                                              Students with no outstanding federal
University student account are less than                                                          loan principal balance when they
amounts listed on your Award Notice.                                                              take out a new loan are considered
                                                                                                  new borrowers. Transferring between
Federal PLUS loans                                                                                programs does not reset loan eligibility.
                                                                                                  Interest not paid will be capitalized,
an option for parents                                                                             effectively increasing your loan principal
& graduate students                                                                               upon repayment.
Graduate students and parents of                                                                  Undergraduate students approaching
undergraduates must complete the FAFSA                                                            graduation: If you are enrolled less
and then apply for PLUS loans separately if                                                       than full-time during your final term,
they need additional funds to cover costs.                                                        you may not be eligible for the full,
Applicants may borrow up to the amount                                                            annual maximum federal loan limit.
of Cost of Attendance each year, minus                                                            Consult with an aid officer to discuss
any other financial aid received (See                                                             your situation.
page 22).
The Direct PLUS Loan may be of interest
to students/parents who are not eligible
for other aid, have unusual costs above         How much should you borrow?
standard student expense budgets, need
                                                • Many students wisely maintain a lower-cost student lifestyle in order to borrow the
more help after other forms of aid are
                                                  least amount necessary to cover college costs. For budget tips, visit https://finaid.
awarded or wish to borrow all or part of
                                                  umich.edu/smartborrowing.
their Expected Family Contribution.
                                                • If you are borrowing federal loans, visit https://nslds.ed.gov to see how much you have
 PLUS LOAN ELIGIBILITY SAMPLE:                    borrowed to date. Find cumulative borrowing for Health Professions and Nursing loans
   $28,776 Cost of Attendance/Budget              on Wolverine Access (https://wolverineaccess.umich.edu).
 – $12,000 Total Financial Aid Awards           • Also in Wolverine Access is the student Eligibility Information panel, allowing
                                                  students to track grant and scholarship eligiblity, time left on federal loan
 = $16,776 PLUS Loan Eligibility                  subsidies and whether they are meeting Satisfactory Academic Progress. Find
                                                  the tab on the right-hand side of the Financial Aid section in the student portal.
The federal processor will pull your credit     • To see how much a loan in repayment will cost, use the Repayment Estimator at:
report. Because credit reports are valid          https://studentaid.ed.gov/sa/repay-loans.
for a limited time, applications for the Fall
                                                • To cancel or reduce your loans, visit Wolverine Access (https://wolverineaccess.umich.
and/or Winter terms will be available in
                                                  edu > Student > Student Business > login > Financial Aid > Awards > Accept/Decline
early April.
                                                  Financial Aid.) To cancel or reduce loans after they have paid, contact our office.
REQUIRED READING 2018-2019 - Your reference and resource guide to Financial Aid at the University of Michigan - Ann Arbor - University of ...
finaid.umich.edu • 2018-2019 REQUIRED READING

 10             Terms & conditions of your financial aid

          When you accept our offer of financial aid, you agree to fulfill the following responsibilities,
             including the terms and conditions set by the federal regula­tions for financial aid.

u Additional assistance                            “refund.” Any subsequent charges
                                                   are your responsibility. (See pages 11
                                                                                               b. REDUCING ENROLLMENT LEVELS.
                                                                                                  We monitor enrollment levels
a. If you receive additional funds                 and 12.)                                       each term. If you drop courses and
   not listed on your Award Notice                                                                fall below minimum credit hour
                                               d. Financial aid does not cover certain
   (scholarships, departmental awards,                                                            requirements, you may have to repay
                                                  charges. Check your account balance
   Michigan Education Trust, etc.),                                                               all or part of your aid. Consult with a
                                                  monthly for any unpaid charges.
   report them immediately in Wolverine                                                           financial aid officer before you drop a
   Access (https://wolverineaccess.            e. Financial aid for a specific term may           class. Adjustments to your financial
   umich.edu) by selecting Student >              only be used to pay for charges for             aid are not made until after the drop/
   Student Business > login > Student             that term, not to pay prior term                add date for each term.
   Center > Financial Aid > Select                balances.
   Aid Year > Awards > View/Report                                                             c.   WITHDRAWAL FROM THE
   Additional Aid. With additional                                                                  UNIVERSITY. If you choose to
   assistance, your awards may be
                                               x Enrollment requirements                            withdraw or are asked to leave the
   adjusted or reduced, even if your aid       a. FULL-TIME ENROLLMENT. We                          university, inform us immediately. If
   has already been paid. If there is a           assume that you will enroll full-time.            you have received a federal student
   change to your aid eligibility, you will       You may enroll less than full-time, but           loan, you will be sent information
   receive an email with a notice of a            you must be enrolled at least half-               about completing online “exit
   revised Award Notice. (See page 7 for          time in classes that count for degree             counseling” for loan repayment.
   more information.)                             credit to be eligible for aid.                    Depending upon when you withdraw,
                                                   Enroll in a course by the University’s           you may be required to repay all or
b. Students enrolled at more than
                                                   third-week drop/add date each term               part of your aid (see page 14).
   one institution concurrently may
   not receive financial aid from both             to be considered for financial aid for      d. ATTENDANCE. The Office of
   institutions unless on a pre-approved           that course. If your program has a             Financial Aid is required to verify that
   Study Abroad consortium.                        flexible enrollment policy, register           students who receive a non-passing
                                                   before the drop/add deadline. Not-             grade (any grade other than A, B, C,
                                                   for-credit courses do not qualify for
v Previously received                              financial aid. If you are repeating a
                                                                                                  D or P) in any class actually began
                                                                                                  attending the class. If you receive a
     Title IV federal aid                          course, take care that your School
                                                   or College has not designated it as
                                                                                                  non-passing grade in a course or no
You must not be in default on any federal                                                         grade is reported, we will follow up
                                                   not-for-credit. If so, it is not eligible      to determine whether or not you
loans or owe any refunds on federal grants         for aid and you may be required to
from postsecondary institutions.                                                                  attended the class.
                                                   repay some of your already disbursed
                                                   financial aid. Note that:                   e. SATISFACTORY ACADEMIC
w Use of funds                                     • Some scholarships require full-time          PROGRESS. To remain eligible
                                                                                                  for financial aid, students must
                                                     enrollment before disbursement.
a. You may use your financial aid funds                                                           make satisfactory progress toward
   only for education expenses incurred            • Wait-listed classes, not-for-credit          completing their degrees (see
   at the UM-Ann Arbor for the Fall/                 classes and classes that you are             page 13).
   Winter 2018-2019 academic year.                   auditing do not count toward
                                                     enrollment.                               f.   UNDERGRADUATES WITH ONE OR
b. Some scholarships, such as the
   Michigan Competitive Scholarship,               • Less-than-full-time enrollment may             MORE BACHELOR’S DEGREE(S).
   HAIL and Wolverine Pathways are for               reduce future aid eligibility and              Undergraduate students who have
   tuition only.                                     Satisfactory Academic Progress (see            received one bachelor’s degree and
                                                     page 13).                                      are pursuing another will only be
c.   We apply aid directly to charges on                                                            eligible for loans. However, a student
     your University student billing account       • Aid will be adjusted for students              enrolled in an approved dual-degree
     (including tuition, some fees, housing,         enrolled less than full time after the         program or who is a double major
     and other charges). Excess funds                third-week drop/add deadline.                  may qualify for all types of aid.
     are released to you in the form of a
finaid.umich.edu • 2018-2019 REQUIRED READING

  11            Disbursement: Receiving your financial aid

              WHEN                                                       HOW will I receive my aid?
     will I receive my aid?                      1. DIRECTLY APPLIED TO YOUR UNIVERSITY STUDENT BILLING ACCOUNT
Financial aid is paid out at the beginning       Grants, scholarships, and loans administered by the Office of Financial Aid are first applied
of the term for which you have enrolled.         to your U-M student billing account to pay tuition, fees, university-operated housing, and
Thereafter, students will receive aid within     other university charges. U-M grant funds are applied first to tuition, then to other on-
two weeks after they have:                       campus charges.
1. Responded to our requests for
    additional information.                      2. FINANCIAL AID REFUNDS
2. Enrolled (not wait-listed) at least           If financial aid exceeds these account charges, students will receive either a refund or a
    half-time (6 hours for undergraduates,       credit on their account. You may have your refund direct deposited to your bank account
    4 hours for graduate students).              or have a check mailed to your current (local) address as listed on Wolverine Access. For
    Some scholarships require full-time          direct deposit:
    enrollment before payment.                   • Select Direct Deposit from your self-service menu in Wolverine Access. Allow up to 2
3. Completed/signed all promissory                  business days for it to be processed.
    notes; see “What to expect later”            • The direct deposit authorization will cover all funds paid to you — financial aid and
    (page 4) for details.                           university employment wages (including Work-Study).
Disbursement dates are published in              • This authorization remains in effect until you cancel it. To do this, complete
student newsletters:                                a Direct Deposit Authorization Form (www.finops.umich.edu/payroll/forms/
https://finaid.umich.edu/publications               directdepositauthorizationform) and submit it to the Payroll Office.

                                                 3. WORK-STUDY EMPLOYMENT
 A note about loans and                          Work-Study awards are earned by working for Work-Study employers and earning a
 financial aid refund checks                     paycheck, typically paid bi-weekly through the employer’s payroll system. They do not
                                                 appear as aid on your student account. Employers pay a percentage of students’ wages
 If you receive a refund for a loan and          and federal funds pay the remaining wages.
 you do not want it, notify us in writing.
 Not cashing the check does not cancel           The Student Employment Office maintains listings of eligible Work-Study jobs at https://
 the loan. Here are your options:                studentemployment.umich.edu. Students contact employers directly to apply. Show the
                                                 employer a copy of your Award Notice and proof that you are enrolled at least half-time
 > Return your uncashed check to us
                                                 and inform them if your Work-Study eligibility changes.
 with a note of explanation.
 > If you have cashed the check or               4. PRIVATE SCHOLARSHIP CHECKS
 received direct deposit, request the            • If your scholarship check is sent to the university, it will be applied to your student
 loan reduction in writing for the desired         account half in Fall Term and half in Winter Term, unless otherwise specified by the
 amount. Once the loan is removed from             scholarship sponsor. Payments are processed within two weeks. Any credit will be
 your Student Account you can then                 refunded to you by check or direct deposit.
 make an ePayment through Wolverine
 Access, or write a check payable to             • If the provider makes the check payable to U-M and sends it to you, submit the check to
 “University of Michigan.”                         our office for processing.
                                                 • If the provider makes the check co-payable to you and U-M and sends it to you, endorse
 Visit www.sfo.umich.edu for more                  it and submit to our office.
 detailed information on making
                                                 • If the provider makes the check payable to you and sends it to you, report this resource
 payments to your Student Billing
                                                   to us and apply any funds necessary to your student account.
 Account.

  Special note to students enrolled less than full-time
  Your financial aid is based on full-time enrollment. If you are not enrolled full-time by the end of the drop/add period, your aid will
  be adjusted at that time and you will receive a revised Award Notice reflecting your level of enrollment.
  If you enroll in a class, do not attend and later withdraw, your aid will be adjusted if withdrawing results in less-than-full-time
  enrollment.
  You must be enrolled by drop/add date or your aid will be canceled. If you enroll after drop/add, your aid will not be reinstated.
finaid.umich.edu • 2018-2019 REQUIRED READING

 12                      Your university ebill: How much is due & when

                                                  STUDENT FINANCIAL SERVICES – STATEMENT OF ACCOUNT
                                                                                                      Page 1
                                                                                                                 Your university student billing account is maintained by Student
                       Please make payment online by Payment Due Date at:
                                                                                                                 Financial Services, which notifies students by email mid-month
                                        https://wolverineacess.umich.edu
                              Online Payment is U-M’s preferred payment menthod.
                                                                                                                 when there is an eBill available to view/print on Wolverine Access
                         Online Payments are posted to the student account in real-time.
                                                                                                                 (https://wolverineaccess.umich.edu).
    Samuel Student

    UMID:         00000000                                                   Invoice Date: 12/14/2018
                                                                                           12/14/2011            Financial aid, including private scholarships and MET accounts, is
                                                                            Amount Due:     NONE             *   applied directly to the charges, usually during the first month of
                                                                          Payment Due
                                                                          Date:
                                                                                            01/09/2019
                                                                                            01/05/2011
                                                                                                                 the term.
    As of today, 12/14/2018
                 12/14/2011, your unpaid charges due on or before 1/9/2019
                                                                  1/4/2012 are:                                  Some types of aid have restrictions. For example, federal aid
A   Charges Due
    Due Date             Charge                            Term                Due Amount    Running Total       cannot pay for orientation and lost ID card fees. Some university
                         AMOUNT DUE
                                                                                                      0.00
                                                                                                     NONE
                                                                                                                 awards/scholarships can only pay for tuition, fees, and/or housing
                                                                                                                 and meals. So, you could receive a refund even with outstanding
                                                                               PAY NOW                           charges; you are responsible for paying those charges using your
                                                                                                                 refund or other resources.
    Student Account Activity as of Invoice Date 12/14/2018.
                                                12/14/2011.
    Transactions after this date will be included on your next invoice.
                                                                                                                 Student eBills for Fall 2018 term will be issued to students in
                                                                                                                 mid-August. To see how much you owe, visit Wolverine Access
     Charges and Adjustments                              Find | View All       First  1-6 of 6  Last
    Item Description                                   Term                Date Posted             Amount
    ITD COMPUTING CHARGES                              FA 2018
                                                       FA  2011            12/08/2011
                                                                           12/08/2018                  2.04
                                                                                                                 and view the Account Summary in the Student Center > Finances
    MICHIGAN STUDENT ASSEMBLY                          WN 2019
                                                       WN   2012           12/04/2011
                                                                           12/04/2018                  7.19
    REGISTRATION FEE                                   WN  2012
                                                       WN 2019             12/04/2011
                                                                           12/04/2018                80.00       section.
    SCHOOL & COLLEGE GOV’T FEE                         WN 2019
                                                       WN  2012            12/04/2011
                                                                           12/04/2018                  1.50
    STUDENT LEGAL SERVICES                             WN 2019
                                                           2012            12/04/2011                  6.00
                                                                                                                 To view your charges in detail, select Account Inquiry from your
                                                       WN                  12/04/2018
    TUITION-UGRD-EDUC-UP-RES                           WN  2012
                                                       WN 2019             12/04/2011
                                                                           12/04/2018              6,577.00

    Credits, Payments and Financial Aid
                                                                                                                 Student Center. The Charges Due A page that opens shows a
                                  You have no transactions this period.
                                                                                                                 “running total” of your charges by due date. View individual bills
                                                                                                                 by selecting an invoice number in the Invoices Due section.
B   Pending Aid

    *Pending Aid may be subtracted from the Amount Due shown above unless you are                                The Invoice Detail page shows details of your monthly bill. The
    enrolled in the U-M Payment Plan. See the Student Financial Services web site for                            activity and amount due will change as payments and credits are
    more information about Pending Aid.
     Item Description                                  Term                                        Amount
                                                                                                                 posted to your account.
     * UNIVERSITY
       MICHIGANOF GRANT
                   MICHIGAN GRANT                      WN 2019
                                                       WN  2012                                 -4,914.00
     * M-PACT
       M-PACTGRANT
              SCHOLARSHIP                              WN 2019
                                                       WN  2012                                    -250.00
     * FED
       FEDPELL
           PELL  GRANT
               GRANT                                   WN 2019
                                                       WN  2012                                 -1,500.00
     * FED
       FEDPERKINS
           PERKINS   LOAN
                  LOAN                                 WN 2019
                                                       WN  2012                                    -250.00
     * FED
       FEDSUBSIDIZED
     * FED
           SUBSIDIZED
       FEDUNSUB
           UNSUB
                         DIRECT
                     DIRECT
                DIRECT
                            LOAN LOAN
                       LOANLOAN
                  DIRECT
                                                       WN 2019
                                                       WN
                                                       WN
                                                           2012
                                                       WN 2019
                                                           2012
                                                                                                -3,522.00
                                                                                                   -210.00
                                                                                                                  If you have questions about the bill, select the Help button
                                                                                                                          on the page and visit Student Business Help.

A few notes about your bill                                                       Pending Financial Aid                                    SOME IMPORTANT
• Expenses such as books do NOT appear                                            Because initial student bills for a term                 EXCEPTIONS:
  on your eBill.                                                                  are issued before financial aid, a special               Some sources of aid – such as graduate
• Federal Direct Loan (Subsidized,                                                section – Pending Aid B – is included                    student instructor/research assistant
  Unsub­sidized, and PLUS) payments                                               showing any financial aid funds that                     tuition waivers, private and PLUS loans,
  applied to your account will be lower                                           the University expects to credit to your                 and third-party credits and private
  than amounts awarded because loan                                               account based on your aid award. If you                  scholarships not yet received – will
  origination fees are deducted.                                                  are enrolled full-time and you have signed               not appear on your bill as pending
                                                                                  the required documents (such as loan                     aid. They will show on your student
• Work-Study awards are not reflected on                                          documents), pending aid will appear on                   account after we receive the funds.
  the eBill: Work-Study funds are earned                                          your bill.
  by working and receiving paychecks                                                                                                       If funds you are expecting have not
  (page 11).                                                                      Disbursement of financial aid funds to                   appeared on your account by the time
                                                                                  students’ accounts begins shortly before                 you pay your bill, pay the Amount Due
• Late payment fee for an unpaid balance                                          the start of Fall Term 2018. When funds                  to avoid incurring a late fee. Once
  on your student account is $30 per                                              are credited to your account, pending aid                funds are applied to your account, you
  month.                                                                          is removed.                                              will see a credit on your monthly bill.
finaid.umich.edu • 2018-2019 REQUIRED READING

 13            Satisfactory Academic Progress policy

Satisfactory Academic Progress (SAP)
describes a student’s successful
                                                which includes number of credits
                                                attempted and completed.
                                                                                               SAP financial aid probation
completion of coursework toward a                                                              Financial aid probation means you have
                                              • For students returning to college for a
degree and is a requirement of receiving                                                       one semester (or timing as specified by
                                                second undergraduate degree: These
financial aid. To maintain SAP, a student                                                      the Academic Recovery Plan) to meet SAP
                                                students are eligible to receive only loan
must:                                                                                          requirements in order to retain financial
                                                funds. They will be given 150 percent
                                                                                               aid eligibility. Students on probation
                                                of stated credit hours required for the
u Maintain a minimum cumulative                 second degree program.
                                                                                               continue to receive aid.
grade point average (GPA) – The                                                                You will be asked to sign a Term-by-
minimum for undergraduates is based           • Double majors/minors: These
                                                students will be funded with aid based         Term SAP Probation Agreement that
upon the academic level and ranges from                                                        will explain the requirements of your
a 1.6 at the end of the freshman year to        upon a 150 percent of one major
                                                program.                                       probation. Students on SAP financial aid
a 2.0 by the end of the senior year. (GPA                                                      probation are monitored for improvement
requirements for scholarships may be          • For graduate students on detached
                                                                                               and adherence to the probation terms
higher.) For graduate-level programs, the       study: Detached study semesters
                                                                                               including the Academic Recovery Plan.
minimum GPA requirement is determined           count as the equivalent of 8 credit
                                                                                               While on probation, an undergraduate
by the academic unit. The GPA is reviewed       hours attempted and completed when
                                                                                               student is expected to achieve a semester
annually, after Winter Term grades are          calculating both pace and 150 percent
                                                                                               grade point average of 2.0 (or as
posted and the overall GPA must be equal        of program length completion.
                                                                                               determined by academic unit), may not
to or greater than the required minimum                                                        receive an “I” in any coursework, and must
for the student’s academic level.                                                              receive a “P” in each Pass/Fail course.
                                                       IMPORTANT NOTES:
v Complete at least 67 percent of              • University of Michigan Grant is available     A student is removed from SAP financial
all attempted credit hours – This is also        to eligible U-M undergraduate students        aid probation once successfully
reviewed annually at the end of each             who are enrolled in their first bachelor’s    completing the Academic Recovery Plan,
Winter Term and the aggregate percentage         degree during the first 10 terms of
                                                                                               as demonstrated by obtaining a GPA
                                                 enrollment in a college or university. This
of coursework attempted and passed                                                             consistent with the minimum requirement
                                                 includes U-M or any other institution.
must equal 67 percent or greater at each       • Non-credit classes are not eligible for       and completing an aggregate percentage
review. (For example, an undergraduate           financial aid.                                of 67 percent or more of all attempted
student enrolled for 12 credit hours and                                                       credit hours.
completing only 8.5 credit hours has                                                           Any student placed on academic probation
completed an acceptable percentage of
attempted credit hours, 67 percent or         SAP monitoring                                   by his or her school or college is also
                                                                                               considered to be on SAP financial aid
greater.)                                     At the end of each Winter term, students         probation. The student must comply
                                              who have not met all three of the
w Complete a degree program in a              requirements listed above for all terms
                                                                                               with probation requirements of both the
                                                                                               academic department and the Office of
maximum time frame of no more than
                                              in which they are enrolled (not just those       Financial Aid.
150 percent of the average length of
                                              terms for which the student received aid)
the program – For example, it takes an                                                         Students who fail to adhere to probation
                                              will be notified in writing that their aid
average of 120 credit hours to complete                                                        terms are not eligible for aid in any
                                              eligibility has been terminated.
a Literature, Science and the Arts (LS&A)                                                      subsequent semester. Written notification
undergraduate degree. So, 180 credit                                                           is sent to students failing to comply with
hours would equal 150 percent and would       SAP appeals                                      those terms.
be the maximum number of credit hours         A student may appeal aid eligibility
for which an LS&A student could receive
financial aid from federal sources. (The
                                              termination if extenuating circumstances         Academic holds
                                              prevented normal academic success or
150 percent standard applies to graduate                                                       U-M schools and colleges use academic
                                              successful completion of SAP terms. The
students based on average program length                                                       holds to prevent student registration when
                                              SAP Appeal Form allows the student
defined by a student’s academic unit.)                                                         there are academic issues. We will not
                                              to document these circumstances and
• For transfer students: The number of                                                         determine aid eligibility or release funds
                                              develop an Academic Recovery Plan with
   transfer hours accepted at the point                                                        until all academic holds are lifted. Contact
                                              an academic advisor. Examples include:
   of admission are used to calculate a                                                        your academic advisor to resolve a hold.
                                              personal/family critical illness (physical/
   student’s remaining eligibility under      mental health), natural disaster impacting
   the 150 percent standard and will be       the family home, assault, etc. If an appeal
   included in the quantitative calculation   is approved, the student will be placed on
                                              SAP financial aid probation.                                          (continued on next page)
finaid.umich.edu • 2018-2019 REQUIRED READING

 14             Satisfactory Academic Progress policy

(continued from previous page)
                                                                                                       Regaining aid eligibility
Incomplete courses, poor grades and withdrawal                                                         A student can regain eligibility by notifying
                                                                                                       the U-M Office of Financial Aid when these
GRADES:                                         financial aid to repeat a class for which              three things have been accomplished:
Only courses for which a student receives       a grade of W, I or X was received that
a grade of A, B, C, D, I or P are acceptable.
A grade of E, F, ED, W, NR or X is not
                                                was not completed within the maximum
                                                timeframe set by the course instructor.                1.    Complete a minimum of 12 credit
                                                                                                             hours for undergraduates or 8
                                                                                                       credits for graduate students at U-M (or
acceptable. Students who fail to complete       Students who receive a passing grade may
at least 67 percent of attempted credit         repeat a class once. See examples below.               as specified in the Academic Recovery
hours because of incomplete grades or           (Repeating classes that do not result in               Plan) without the benefit of financial aid.
who withdraw from all classes will have         additional hours or Michigan Honor Points              Students may take the credits at another
their financial aid terminated. A student       will not improve completion rate.)                     institution of higher education if approved
may receive financial assistance for a                                                                 by their academic advisor; and,
                                                NOT-FOR-CREDIT CLASSES:

                                                                                                       2.
course that was repeated and for which a
                                                Non-credit courses are not eligible for                     Achieve a minimum GPA of 2.0
non-passing grade was received one-time
                                                financial aid. If you are repeating a course,               for undergraduates (for graduate
only.
                                                take care that your School or College has              students and some undergraduate
REPEATED CLASSES:                               not designated it as not-for-credit. If so,            programs, GPA requirements of their
A student repeating a course and receiving      you may be required to repay some of                   academic unit apply); and,

                                                                                                       3.
a non-passing grade may receive aid for         your already disbursed aid.
                                                                                                              Complete 100 percent of attempted
that course. A student may not receive
                                                TERMS WITH FAILING GRADES:                                    credit hours.
                                                Students will be asked to verify course
                                                                                                       Note: A student who has lost eligibility
                                                participation during a term in which
                                                                                                       may not automatically regain it by sitting
                                                all grades received are unacceptable
                                                                                                       out (not attending) for a semester.
                                                (as defined above). Failure to verify
                                                attendance in each class will result in
                                                cancellation of all aid for the term.

                                                EXAMPLES: Repeating courses
                                                There is no limit for students who receive failing grades in a course: You may continue to
                                                take the course until you pass it. (So, no limit on the number of times a course is repeated
                                                when receiving E, F or W grades.) If you receives a grade of D- or higher, you may take the
                                                class one additional time and remain eligible for aid for that class. But if you enroll for it a
                                                third time, there will be no aid. Following are some examples:

                                                 Sally U. Mich takes a language course           Samuel Student takes a math course, receives an E and
                                                 and passes it with a D grade. She receives      gets financial aid. He takes it again and receives a C; aid
                                                 her financial aid, but wants to better her      is allowed. He takes it yet again and and will not receive
                                                 grade so enrolls again and receives a B. She    aid. A student with a failing grade can repeat the course
                                                 receives aid again for the class. She enrolls   without limit and receive aid. But once he receives a
                                                 a third time, but will not get financial aid.   passing grade, he can only take it one additional time
                                                 She can repeat the course only once after       and get aid for the class.
                                                 receiving a passing grade.

                                                If you are repeating a course, take care that your School or College has not designated it
                                                as not-for-credit. If so, it is not eligible for aid and you may be required to repay some of
                                                your already disbursed aid.
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