Enrollment is currently being accepted in the Winter Only (5 month) 2009-2010 U-M Payment Plan. Payments for the Winter Only plan are due December 1, 2009 through April 1, 2010. Don't delay ... enroll today!
Please note: Enrollment is now CLOSED for the Fall/Winter (10 month) and Fall Only (5 month) 2009-2010 U-M Payment Plans.
The University of Michigan (U-M) provides an optional Payment Plan which allows parents/students to spread payment of anticipated educational expenses over 10 payments for the full academic year (or 5 payments for the Fall term only or Winter term only). The Payment Plan is an alternative option to the normal UM Payment schedule and is administered for the University by Sallie Mae.
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Any University of Michigan (U-M) - Ann Arbor campus undergraduate, graduate, or professional school student, or the parent or guardian of such student, is eligible to participate in the U-M Payment Plan. Enrollment in the Payment Plan is not automatic. A student must be enrolled in the U-M Payment plan on a yearly basis.
Please note: Enrollment in the UM Payment Plan is not automatic for current participants. A student MUST be re-enrolled in the Payment Plan on a yearly basis.
The following expenses may be budgeted using the University of Michigan (U-M) Payment Plan:
The following expenses may not be budgeted using the U-M Payment Plan:
Please contact Student Financial Services if there are additional questions concerning those charges that may be budgeted through the U-M Payment Plan.
The Annual Budgeted Amount is the total estimated annual expenses less the total estimated credits (financial aid awards, student loans, scholarships, etc.). If enrolling for the 10 month Payment Plan, you may budget different or like amounts for each term.
The link below is to an estimated student budget for the Fall/Winter terms as provided by the Financial Aid Office. This may be a useful guide in establishing the annual budgeted amount.
It is recommended that in estimating expenses students estimate high and in estimating credits, estimate low. Credits for scholarships, financial aid, grants, etc. may not be applied to the Sallie Mae Payment Plan account. In this case, please contact Sallie Mae by phone at 1 (800) 635-0120 to adjust the amount of the Annual Budgeted Amount.
In addition to the Payment Plan statement received from Sallie Mae, a separate eBill will be generated from Student Financial Services. The eBill from Student Financial Services will reflect the actual charges for tuition, room/board, mandatory fees, Blue Bucks, as well as other charges the student may be responsible for. Payment records for the Sallie Mae Payment Plan and the University of Michigan student account are kept separately. To ensure prompt and proper credit for a U-M Payment Plan payment, please make sure to include the payment coupon from the Sallie Mae/U-M Payment Plan statement and mail it in the envelope that accompanies the Sallie Mae statement for the Payment Plan. Payments made to Student Financial Services can not be transferred to Sallie Mae.
Payments submitted to Sallie Mae on the U-M Payment Plan are not posted to the student's University of Michigan (U-M) student account as payments are made.
If enrolled in the 10 payment plan for Fall & Winter terms, you may budget different amounts for each term. Your first five payments made (July 1 through November 1) will be for fall term. The remaining five payments (December 1 through April 1) will be for winter term. Each term, the U-M will post a credit to the student's account equal to the amount budgeted for that term.
If the student is enrolled in the Fall term only or Winter term only Payment Plan, the U-M will post a credit to the student's account equal to the Budgeted Amount for that plan.
There is an enrollment fee charged for enrollment in the University of Michigan Payment Plan. The enrollment fee charged is dependent on the type of plan the student is being enrolled in. A list of enrollment fee charges is below:
| Plan | Enrollment Fee |
| 10 Payment Plan without insurance | $55.00 |
| 10 Payment Plan with insurance | $60.00 |
| 5 payment plan without insurance | $35.00 |
| 5 payment plan with insurance | $40.00 |
The enrollment deadline for the 2009-2010 U-M Payment Plan has been extended to September 18, 2009! Don't delay - ENROLL TODAY!
The enrollment deadline for the 2009-2010 Fall/Winter term and Fall term payment plans is June 15, 2009. Applicants enrolling by this date will be able to take full advantage of the 10 payment schedule for the annual plan. If enrolling after June 15, 2009, payment(s) currently due must be remitted with the application and application fee. Please contact Sallie Mae at 800.635.0120 or visit their web site to determine the total amount of payments currently due.
The enrollment deadline for the Winter only plan is December 31, 2009.
Credit balances created by the University of Michigan Payment Plan may be refunded on a term basis as follows:
Please Note: All scheduled payments must be posted to the Sallie Mae account before a refund can be issued.
If a Payment Plan account is delinquent in any amount by 15 days or more, Student Financial Services reserves the right to remove the participant from the Payment Plan. Any payments made on the Payment Plan will be applied to the student account if the student is registered. If the student is not registered, any payments made will be refunded to the applicant. Once a Payment Plan has been canceled due to delinquent payment, the normal University of Michigan financial regulations and payment schedules will apply. Payment Plans terminated due to delinquent status may not be reinstated for the current Payment Plan year.
An INCREASE OR DECREASE in the Budgeted Amounts will be accepted through the following dates for the Payment Plan:
| Payment Plan | Deadline for Increase/Decrease |
|---|---|
| Fall term 2009 Only (5 payments beginning 07/01/09) | September 20, 2009 |
| Winter term 2010 Only (5 payments beginning 12/01/09) | February 1, 2010 |
| Annual Plan (10 payments beginning 07/01/09) | February 1, 2010 |
PLEASE NOTE: Cancellation of the Annual Plan or the Winter Plan will be accepted through April 1, 2010. Cancellation of the Fall Plan will be accepted through November 1, 2009.
The Payment Plan may be canceled by the applicant, spouse of the applicant, or the student the Payment Plan has been established for at any time without penalty. Please contact Sallie Mae by phone at 800.635.0120 to request a cancellation of the Payment Plan.
All payments made on the Payment Plan will be applied to the student account if the student is registered. If the student is not registered, all payments made will be refunded to the bill payer listed on the Sallie Mae account. Once a Payment Plan has been canceled, the normal University of Michigan financial regulations and payment schedules will apply.
If a student enrolled in the Payment Plan withdraws from the University of Michigan, all payments made to the Payment Plan will be applied to the student's U-M student account. The normal University of Michigan refund policy will apply if application of the payments results in a credit balance on the student's account.
It's easy to enroll in the 2009/2010 U-M Payment Plan:
For additional information on the U of M Payment Plan, please review the Payment Plan Brochure. If you prefer to enroll through the mail, you may do so by completing the 2009-2010 UM Payment Plan Enrollment form. Both the Payment Plan Brochure and Enrollment Form may be viewed and printed using Adobe Acrobat Reader.
Contacting the University of Michigan
If you have any questions concerning the Payment Plan after reading this website, please email, write, call, or fax the University of Michigan (U-M) as follows:
University of Michigan
Student Financial Services
2226 S. A. B.
515 E. Jefferson
Ann Arbor, Michigan 48109-1316
Telephone: (734) 764-7447
Toll Free number: 877.840.4738 (within the United States and Canada only)
Fax: (734) 647-0061
Email: um-sfo@umich.edu
PLEASE NOTE: Participation in the U-M Payment Plan is optional. Tuition, fees, room/board and other fees are generally due on or before the first day of class each term. Please see Billing Due Dates for specific due dates.
Contacting Sallie Mae
If there are questions concerning a Sallie Mae account or if a student wishes to enroll in the U-M Payment Plan over the phone, please contact Sallie Mae by telephone toll free at 800.635.0120. They may also enroll in the Payment Plan or access a current Sallie Mae account through Sallie Mae's web site (see related link below).