If you are receiving financial aid for the summer half-term, your aid will be applied directly to your university student account to pay charges for tuition, fees, university-operated housing, and other university charges. If you have financial aid funds that exceed the charges on your student account at the time of disbursement, you will receive a refund, which may be used to pay other educationally related expenses. Please note that if subsequent charges are made to your account, you are responsible for paying them.
Do plan to bring enough money to cover personal expenses such as laundry, snacks, breakfast, weekend meals, recreation and miscellaneous personal and school-related supplies. Books and school supplies typically cost $250 - $300. Make sure you account for the purchase of books when planning your personal expenses.
The Office of Financial Aid recommends that students use Direct Deposit which is available through Wolverine Access. It is the best way to ensure your aid funds are received in a timely manner.
Students appreciate bank accounts that they can conveniently access while at school. With a local account, you can easily make deposits and withdrawals and get in-person help when needed. Look for a bank or credit union that offers:
- Student checking accounts: Often these have low or no minimum balance, lower fees, and are tailored to a student’s needs.
- An ATM and branch on or near campus: Find a bank with zero or low ATM fees.
Apply for Financial Aid
Students applying for financial aid will need to complete both the 2014-2015 Free Application for Federal Student Aid (FAFSA) and the 2015-2016 FAFSA in order to be considered for the upcoming summer and fall/winter terms. These can be completed online at www.fafsa.gov.
The Office of Financial Aid has created a custom website for students admitted to Summer Bridge Scholars that contains more information on applying for financial aid and the estimated program costs: