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Calendar for Disbursement

All forms of financial aid are disbursed in more than one disbursement.  Typically, each of your financial aid sources is available by the first day of classes of each semester for which you are enrolled.  After that, financial aid disbursements occur every Thursday morning, and are credited to the student account. Any stipend checks, in excess of tuition, fees, and on-campus housing, are disbursed to your personal bank account (if you have set up direct deposit) by the following Saturday or Monday. However, financial aid cannot occur more than a few days before the beginning of each semester.

For the Summer 2014 starters, the first disbursement to pay your tuition will occur on May 22, with your living-expense funds being direct deposited to your account on May 24 or 27. The first day of classes is May 29.

For the Fall 2014 semester, the first disbursement to pay your tuition will occur on August 28, with your living-expense funds being direct deposited to your account on August 30 or September 2. The first day of classes is September 2.

For the Winter 2015 semester, the first disbursement to pay your tuition will occur on January 8, with your living-expense funds being direct deposited to your account on January 10 or January 12. The first day of classes is January 14.

To set up direct deposit, go to Wolverine Access under Student Business > Payroll & Compensation > Direct Deposit. If you do not sign up for direct deposit, your refund check will be mailed to the current address that is listed on Wolverine Access.  It is imperative that the University has a local address (listed under current address in Wolverine Access) for you as soon as you have it, so that any excess funds are mailed to the correct address.  You may change your local address to reflect your Ann Arbor area address on Wolverine Access under Student Business>Campus Personal Information>Addresses.  Please update your address at least two weeks before any disbursement is expected.

 
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