Spring/Summer Required Reading

2022 SPRING/SUMMER REQUIRED READING

Your spring/summer Financial Aid Notice lists the nan-

cial aid you are being offered for the 2022 spring, 2022

summer, or combined spring/summer terms. Please read

the information here and on your Award Notice to under-

stand your aid offer.

Note: When you are awarded nancial aid, it is assumed

that you will read and understand your rights and respon-

sibilities, as specied here and in Required Reading (avail-

able at naid.umich.edu/publications).

STEPS TO ACCESSING YOUR

NOTICE

Once you’ve been notied that you have a spring/summer

Notice, log in to the Student Business section of Wolverine

Access. Your Notice contains details about your available

nancial aid for 2022 spring/summer.

A. SelectStudentCenter>FinancialAid>AidYear

2022.Your Financial Aid Award Summary for Aid Year

2021–2022 will open.

B. Toseeyourfundingforspring/summerterm,look

forthebluehyperlinktitledViewSpring-Summer

andclickonit.This will open a summary of your

spring/summer aid offers.

C. Toview/printapdfofyourspring/summerAward

Notice,gototheAwardNoticestabandchoosethe

mostrecentspring/summerNotice.

BE SMART ABOUT BORROWING

We encourage students to consider employment and

lifestyle changes and to borrow only what is neces-

sary to achieve the goal of a U-M college education.

Visit naid.umich.edu/smartborrowing for informa-

tion or call 734-763-6600 and speak to a counselor.

WOLVERINE ACCESS

(wolverineaccess.umich.edu)

2500 Student Activities Bldg. • 515 E. Jefferson St. • Ann Arbor, MI 48109-1316

tel: 734-763-6600 • fax: 734-647-3081

email: [email protected] • web: naid.umich.edu

Required Reading 2022-2023

Entering students with a Friend

Account

of Wolverine Access and select New&Prospective

StudentCenter>ViewFinancialAidAwardSummary.

To view/print your Notice, select ViewFinancialAid

AwardNoticesand choose the current Notice. For more

information on this process, visit naid.umich.edu/tools-

resources/using-wolverine-access.

D. Weassumeyouacceptallnancialaidthatyoudo

notdecline.

If you want to decline or reduce funding, select

Accept/Decline from the Awards tab. You may

decline any portion of your offer, including loans,

without changing the aid you are accepting. If you have

received federal loans in previous terms, your spring/

summer loan will disburse unlessyoudeclineit.

E. Notifyourofcethatyouarereceivingadditional

aidawardsthatarenotlistedonyourNoticeby

selectingView/ReportAdditionalAidfromthe

Awardstab.

This includes scholarships, departmental aid,

fellowships, Michigan Education Trust, ROTC

scholarships, veteran benets, etc.

Additional information

→ If your name, U-MID, and/or residency are not

correct on your Notice, notifytheRegistrar’sOfce

assoonaspossible. If your address is incorrect,

you must change it in Wolverine Access. If your

Grade Level and/or Career are incorrect, contact the

Registrar’s Ofce.

→ If you wish to authorize your family to discuss your

nancial aid application and notices with our ofce,

you must authorize your family member(s) using the

U-M Parent/Family Authorization found on Wolverine

Access (StudentCenter>Financials>UMParent/

FamilyAuthorization).

→ Check your email and the Documents/Review page of

the Financial Aid section of Wolverine Access. Respond

immediately to any additional requests for information.

Note: Our ofce cannot make copies of your

documents. (You must make copies before you submit

them.)

→ Ifanyofyouraidisadjusted, you will be notied

by email that you have a revised notice available on

Wolverine Access.

→ Complete/sign all applicable loan promissory notes.

naid.umich.edu

YOUR TOTAL CREDIT HOUR

ENROLLMENT IS CRUCIAL TO YOUR

AID ELIGIBILITY.

→ Entering students are awarded based upon

assumed full-time enrollment, and aid will be

adjusted as necessary following actual course

registration.

→ Continuing students are awarded based upon

their actual enrollment at the time of packaging.

→ We will monitor your level of enrollment

throughout the spring-summer enrollment

period. Changes in enrollment often result in the

reduction or cancellation of previously offered

aid, even after funds have been disbursed.

→ You must be registered for classes atleasthalf-

time in for-credit classes in order to receive any

nancial aid.

→ Pleasenote: less than half-time enrollment will

result in less aid eligibility and may affect future

aid eligibility and Satisfactory Academic Progress

(see naid.umich.edu/sap).

→ Being on a waiting list for a class doesnotcount

as being enrolled.

→ Dropping summer courses could impact your

enrollment level and your eligibility for spring aid,

even after it is already paid. Contact our ofce for

questions about how your enrollment may impact

your aid.

→ You must attend classes for the term. Enrollment

isn’t enough to retain your spring/summer aid.

Classes that are not attended will not count

toward your minimum enrollment requirements.

Credit Requirements*

Undergraduate Students

→ 12credithours: full-time aid

consideration

→ 6credithours: part-time aid

consideration

→ 1-5credithours: ineligible for nancial

aid consideration

Graduate Students

→ 8credithours: full-time aid consideration

→ 4credithours: part-time aid

consideration

→ 1-3credithours:ineligible for nancial

aid consideration

* For more detailed information on how you

can divide enrollment between the spring and

summer terms, visit naid.umich.edu/apply-aid/

springsummer-application-information/faqs

Before you can receive your funds

You must have completed/signed your Direct Loan Master

Promissory Note and completed Direct Loan entrance, if

applicable (left column).

How funds are paid

Grant and Loan Funds:

→ Grant and loan funds are applied directly to

charges on your university account for tuition, fees,

and university housing.

→ If you receive a refund (because you have aid that

exceeds your account charges), it will be sent to

you either as a direct deposit in your bank account

or as a check mailed to your current (local)

address. See the address alert on page 4.

→ Establish direct deposit to avoid delays in receiving

funding.

• If you would like to receive direct deposit,

select Direct Deposit from within Wolverine

Access. Allow two business days for direct

deposit to be processed and take effect.

Required Reading 2022-2023

→ We require written notication if you receive a refund

for a loan and you do not want the funds. Not cashing

the check will not cancel the loan. Here are your

options:

• Return your uncashed check to us with a note

of explanation.

• If you have already cashed the check or

received funds via direct deposit, provide our

ofce with a written request to reduce your

loan to the desired amount. Once the loan has

been removed from your Student Account,

you can then make an ePayment through

Wolverine Access, or write a check payable to

“University of Michigan.” Please see Student

Financial Services website (sfo.umich.edu) for

more information about making payments to

your Student Account.

Federal Work-Study:

→ You must be enrolled at least half-time to be

eligible.

→ Students must have Federal Work-Study listed

as an award on their spring/summer Notice to be

eligible to apply for Work-Study jobs. (Fall/winter

Federal Work-Study awards may not be used.)

→ To earn Federal Work-Study funds, students work

for eligible employers and earn wages up to the

amount awarded. These wages are not applied to

your student account. You will receive a paycheck.

→ Spring/summer Federal Work-Study jobs are

posted on the web at studentemployment.umich.edu.

→ Students must apply for, and be hired into, a

Work-Study position. Each job posting will list the

specic instructions on how to apply.

FREE SCHOLARSHIP SEARCH

SERVICES:

Refer to our website for information on private schol-

arships and online search services:

See Step 5 at naid.umich.edu/scholarships-at-u-m

IMPORTANT NOTES ABOUT LOANS

→ If you do not have a Federal Student Aid ID (FSA ID)

from the federal processor, request one at

fsaid.ed.gov. This will allow you to complete an online

Direct Loan promissory note and review important

information about your federal loan accounts online.

→ If you are receiving Direct Loan funds at U-M for the

rst time, you must complete a Direct Loan Master

Promissory Note (MPN) and Direct Loan entrance

counseling at

studentaid.gov/mpn in order to receive your funds.

If you have previously signed a Direct Loan MPN at

U-M and you have accepted a loan within the past 12

months, do not sign another MPN.

Visit naid.umich.edu/mpn.

→ To complete a Health Professions or

Nursing MPN, visit Wolverine Access

wolverineaccess.umich.edu.

→ For important information about enrollment levels and

other terms of your aid offer, see page 3 or visit naid.

umich.edu/managing-your-aid/understanding-your-

offer/terms-conditions.

→ Once you have explored your Federal Loan eligibility,

you may wish to look at additional borrowing options.

Visit naid.umich.edu/plus and naid.umich.edu/

privateloans for information.

IMPORTANT: EMAIL ADDRESS &

MAILING ALERT

Check your university email account during the spring/

summer term for important messages from our ofce, such

as revised aid notications. Also be sure to update

your mailing address on Wolverine Access. If our ofce

sends mail regarding your spring/summer aid, we will send

it to your current (local) address, as listed on Wolverine

Access.

UniversityofMichigan: umich.edu

M-ParentWebsite: umich.edu/parents

ParentFinancialAidPage: naid.umich.edu/

apply-aid/information-parents

U-MPortalEnEspañol: espanol.umich.edu

naid.umich.edu

REQUIRED READING is published by the Ofce of Financial Aid

Tammie Durham-Luis, Assistant Vice Provost and Executive Director of Financial Aid

Ofce of Financial Aid

734-763-6600

fax: 734-647-3081

email: [email protected]

web: naid.umich.edu

THE REGENTS OF THE

UNIVERSITY OF MICHIGAN

JordanB.Acker,Huntington Woods

MichaelJ.Behm, Grand Blanc

MarkJ.Bernstein, Ann Arbor

PaulW.Brown, Ann Arbor

SarahHubbard, Okemos

DeniseIlitch, Bingham Farms

RonWeiser, Ann Arbor

KatherineE.White,Ann Arbor

MarySueColeman, ex ofcio

U-M Nondiscrimination Policy

Statement

The University of Michigan, as an equal opportunity/

afrmative action employer, complies with all applicable

federal and state laws regarding nondiscrimination and

afrmative action. The University of Michigan is committed

to a policy of equal opportunity for all persons and does

not discriminate on the basis of race, color, national origin,

age, marital status, sex, sexual orientation, gender identity,

gender expression, disability, religion, height, weight, or

veteran status in employment, educational programs and

activities, and admissions. Inquiries or complaints may be

addressed to the Senior Director for Institutional Equity,

and Title IX/Section 504/ADA Coordinator, Ofce for Insti-

tutional Equity, 2072 Administrative Services Building, Ann

Arbor, Michigan 48109-1432, 734-763-0235, TTY 734-

647-1388, institutional.equity@umich.edu. For other

University of Michigan information call 734-764-1817.

The University of Michigan is accredited by the Higher

Learning Commission of the North Central Association of

Colleges and Schools, 30 North LaSalle Street, Suite 2400,

Chicago, Illinois 60602-2504. Phone: 800-621-7440;

312-263-0456; Fax: 312-263-7462.

Contact the U-M Ofce of Financial Aid at 734-763-6600

or see naid.umich.edu/consumer-information to obtain

consumer information regarding nancial assistance and

the institution.