Michigan Ross iMpact

Leading in Thought & Action

Other Aid


Assistantships

Research and teaching assistantships are considered separately from the financial aid application process.  Graduate Student Instructor (GSI) and Graduate Student Staff Assistant (GSSA) job postings can be found at www.umjobs.org.  For questions, please contact University of Michigan Human Resources at (734) 763-8938 or email jobsweb@umich.edu.
 

U-M Child Care Subsidy

The U-M Child Care Subsidy Program provides funds to students with children to assist in meeting the cost of licensed child care.  International students may qualify.

 

Budget Reevaluations

All students receive financial aid based on an estimated cost of attendance (COA). The COA includes tuition and fees, book and supplies, housing, and personal/miscellaneous expenses. Expenses for family members cannot be included.

  • Sometimes the estimated COA does not realistically meet a student’s actual expenses. The budget reevaluation process assists in meeting these additional needs.
  • Budget reevaluations are offered October 1 through March 15.
  • Documentation is required for each expense you submit, and it takes approximately two to three weeks to process. You will receive an email when your budget reevaluation has been completed.
  • To qualify, submitted expenses must be for the current academic year. The submitted expenses must be school-related. Not all expenses are eligible. Examples of some excluded expenses include:  M-trek, car expenses, and recruiting expenses.
  • Additional loans may be borrowed to cover the increased budget expenses.  Please note that Ross Financial Aid has the authority to cap the total amount allowed in the budget reevaluation process.

Steps for completing the budget reevaluation process:

  1. Print the form.  (Ross Graduate Educational Expenses Worksheet 2013-2014 no longer available.)
  2. Complete the form.
  3. Attach supporting documentation as stated on the form.
  4. Drop the form and supporting documentation off at the Ross Financial Aid Office (Room K3340, Kresge Library) for processing. Students may also email the form as an attachment to rossfinaid@umich.edu.
     

Loan Repayment Assistance Program (LRAP)

The Ross Loan Repayment Assistance Program (LRAP) provides financial assistance to graduates who pursue careers in nonprofit and public sector
organizations.  It pays a portion of a qualifying graduate’s Ross-related, need-based loan obligations while the graduate is employed full-time in a position within the public or nonprofit sectors (subject to annual re-application and review).

Tuition Refund Insurance (TRI)
Please note:  The cost for this insurance is not considered a financial aid budget expense.

The cost of education today is a substantial investment. Students and/or parents may face significant financial loss if students are unable to complete a term due to illness. Tuition Refund Insurance significantly extends and enhances the University's published withdrawal policy and provides funds that can help to pay back loans, grants and scholarships if necessary.

  • TRI is an inexpensive, voluntary form of tuition reimbursement insurance protection.
  • It protects against significant financial loss should a student have to withdraw from classes for medical reasons.
  • Information about the program, premiums, and the ability to sign up online directly are available at this website.
     

The Ross School of Business Office of Financial Aid is a satellite office of the University of Michigan Office of Financial Aid.  Disclaimer.