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 2016 starters, the first disbursement to pay your tuition will occur on May 26, with your living-expense funds being direct deposited to your account on May 28 or 31. The first day of classes is June 2.
For the Fall 2016 semester, the first disbursement to pay your tuition will occur on August 25, with your living-expense funds being direct deposited to your account on August 27 or 29. The first day of classes is August 29.
For the Winter 2017 semester, the first disbursement to pay your tuition will occur on January 5, with your living-expense funds being direct deposited to your account on January 7 or 9. The first day of classes is January 11.
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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