Appointments for Graduate Student Research Assistantships, Graduate Student Assistants, Graduate Student Instructors and Graduate Student Staff Assistants are considered separately from the financial aid application process.
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.
All students receive financial aid based on an estimated cost of attendance (COA). The COA includes tuition and fees, books 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 accepted October 1 through March 20. No budget reevaluations will be accepted after March 20.
- 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:
- Print the form.
- Complete the form.
- Attach supporting documentation as stated on the form.
- Drop the form and supporting documentation off at the Ross Financial Aid Office (Room K3521, Kresge Hall) for processing. Students may also email the form as an attachment to firstname.lastname@example.org.
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).
- U.S. citizens and U.S. permanent residents are eligible for the program.
- Applicants must be employed full-time in the nonprofit/public sector.
- The program provides assistance in repaying educational loan obligations.
- Applications are accepted beginning September 1. All applications must be received by the Ross Financial Aid Office by November 1.
- View a table of historical LRAP award amounts (pdf).
- The 2018-2019 LRAP Information and Application Form is now closed for 2018 - 2019. For 2019 - 2020, the LRAP Application will be open in early September of 2019.
The Ross School of Business Office of Financial Aid is a satellite office of the University of Michigan Office of Financial Aid. Disclaimer.