How to Accept Aid

ACCEPTING AWARDS:  

When accepting financial aid awards, it is assumed that you read and understand the Conditions of the Awards and your rights and responsibilities as specified in the Required Reading(Found in the Publications Section).

Students are able to accept loans on a term-by-term basis.  For example, the Fall Semester of a Federal Student Loan can be accepted, but leave the Winter Semester at the offered status to determine how much you will need after registration.

Accepting University Scholarships

University Scholarships that have been offered can be accepted through the Financial Aid & Scholarship Self Service Portal. University Scholarship offers will be listed on the Award Offer Tab. The option to Accept will be listed in a drop-down menu to the right of the scholarship name. This change can be saved by selecting Submit at the bottom of the page. Once accepted, the Terms and Conditions can be reviewed under the Resources tab.

Disclaimer:
The Office of Financial Aid & Scholarships offers viewed using the Financial Aid & Scholarship Self Service Portal are subject to change at any time for a variety of reasons. Other financial aid offers listed along with your scholarship(s) may be tentative or incomplete.  If you need additional assistance, please call 313-593-5300.

Accepting or Declining Awards Online

Awards that have been offered can be accepted through the Financial Aid & Scholarship Self Service Portal. Awards will be listed on the Award Offer Tab. The option to Accept or Decline an award will be listed in a drop-down menu to the right of the award name. Some offers such as loans may have a third option to accept only a portion of an award. These change can be saved by selecting Submit at the bottom of the page. 

If this is your first time borrowing federal loans, you will also need to complete Entrance Counseling and the Master Promissory Note at: StudentAid.gov

Accepting or Declining Awards through Email

Awards may  be accepted through Email by completing a Student Decision Form. This Form can also be used to inform us of additional resources you have been offered but are not listed in your financial aid offer.  A complete form must contain:

  • Your Name and UMID 
  • The appropriate year in the term for which you are making a decision
  • Checking Accept Full Amount, Decline 100%, or accept a Reduced Amount of the Award.
  • Date and Ink-signature

Completed forms can be sent to umd-ask-ofa@umich.edu.

                      

Award Appeal Request

You may appeal of your financial aid resulting from the information and documentation related to the FAFSA.  

  • If you believe that the information provided on the FAFSA was incorrect, please make an appointment with a financial aid counselor.  You should bring income and asset documentation as well as complete the Verification Worksheet for a complete review of the existing information.  Upon completing a thorough review of the original information, corrections will be made (if needed) and the financial aid award will be adjusted (if needed)
  • If your family's financial circumstances have changed for the worse, you should read about Special Circumstances to see if any could apply to you.  If it does, complete the Special Circumstances Form and submit it to the Office of Financial Aid & Scholarships with all required documentation
  • If you have special budget concerns (will live off-campus during the academic year, will acquire a computer needed for school, have special disability costs), you should complete the Budget Adjustment Appeals Form and submit it to the Office of Financial Aid & Scholarships with documentation.

Special Notes

  • All grants and some scholarships ("gift aid") are automatically accepted on your behalf. You are expected to know and understand the terms and conditions associated with each award.

  • If you have been offered loans or work-study, you must decide to accept, to decline or to reduce each of these awards.

  • Reducing or declining loans and/or work-study will not increase the amount of aid received in grants and scholarships. By accepting your award offers and receiving the funds, you are accepting responsibility to comply with all eligibility requirement.

  • Loans must be repaid after graduation or upon leaving college or enrolling at a less than half-time status (6 credits undergraduate/4 credits graduate). 

  • Work study provides funding for employment on campus and off campus for non-profit or community service employers.

Office of Financial Aid & Scholarships

1183
University Center (UC)
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