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Financial Aid

Important Announcements:

Your eight-digit UMICH ID number is required on all documents submitted to our office. Instructions

Navigating Your Student Account Information.

Refunds:  The first Winter 2020 direct deposit refunds to Ross School of Business students should be available on or after January 13, 2020. Checks are mailed to students without direct deposit to their current address in Wolverine Access. Mail delivery dates cannot be confirmed. 

Be sure to have direct deposit set up via Student Business in by Friday, January 3, 2020.  You will also need to make sure that your current address on file is up to date.  

Read the Office of Financial Aid Newsletter for important tips and information.  Previous newsletters can also be found at this web link.

2019 - 2020 Federal Loan Fixed Rates:  

Federal Direct (Stafford) Loan - Unsubsidized   6.076%
      Unsubsidized loan origination fee  1.059%
Federal Direct Loan - Graduate PLUS  7.079%
      Graduate PLUS loan origination fee  4.236%

The fixed interest rate for the Federal Direct Loan - Unsubsidized and Graduate PLUS are for loans disbursed on or after July 1, 2019.

Origination fees are for loans originated from October 1, 2019 through the end of September 2020

Spring / Summer Financial Aid:

All continuing students who wish to borrow federal loans for the Spring/Summer term must complete the Spring/Summer Request for Financial Aid Application. 

The 2020 Spring/Summer Request for Financial Aid Form will be made available here on the iMpact website in early February 2020





Contact Information

Ross Financial Aid Office Location:

Kresge Hall, Third Floor, Room K3521

700 East University, Room K3521
Ann Arbor, MI 48109-1234
Phone: 734-764-5139
Fax: 734-764-2129

Drop-In Advising Hours:

Monday, Wednesday, and Friday

10:00 AM - 11:00 AM

Tuesday and Thursday

1:30 PM - 2:30 PM

Ross Financial Aid Staff:

Michelle Gurski
Assistant Director

Barbara Stevens
Financial Aid Coordinator

Free Application for Federal Students Aid

  • 2020 - 2021 FAFSA is NOW available.
  • Check out the FAFSA filing instructions here.
  • See Federal Student Aid (FSA) ID information here.
  • How often and when you complete the FAFSA is based on your academic program.  See additional details here.


    Direct Deposit

    Wolverine Access

    We recommend all students set up direct deposit via Wolverine Access > Student Business > Payroll and Compensation > Direct Deposit  Without direct deposit, refunds will be mailed to your current address in Wolverine Access. Be sure your current address is updated.

    Navigating in Wolverine Access Instructions

    Required Reading

    Required Reading is the reference and resource guide for students who are awarded financial aid at the University of Michigan. We call it Required Reading because it answers many questions students ask about their financial aid and provides information you must know in order to receive financial aid at U-M. You are expected to read it in order to understand the rights and responsibilities that go along with receiving your aid.