Frequently Asked Questions - Student Financial Services
Student Financial Services
- When will I receive my bill?
- What is included in “student billing”?
- I have a credit on my student account - how do I get that money?
- What does it mean when the balance on my account has a minus sign in front of it?
- Does the U of M accept credit cards?
- Does the University accept payments from payment/budget plans external to the UM?
- Does the University of Michigan have a tuition payment plan?
- How do I access my bill?
- How do I pay my bill?
- When are charges due?
- What are the tuition rates?
- Which office at the University of Michigan handles my student loan(s)?
- What type of identification do I need to do business at the Cashier's Office?
- What are the tuition rates?
- What type of identification do I need to do business at Student Financial Services?
- What is a Sponsored Student?
- When will I receive my bill?
Consistent with current practice, students (and ‘parent/family’ as authorized in Wolverine Access) will receive an e-mail that their bill is ready for viewing in Wolverine Access approximately three weeks before payment is due.
The amount due will be updated on Wolverine Access through the due date (in real time) to reflect changes that take place during this time.
Changes made after the due date will be reflected in the next month’s bill.- What is included in “student billing”?
Student bills include tuition, fees, and costs for residential housing (room and board).
- I have a credit on my student account - how do I get that money?
You may contact the Student Financial Operations Office to request a refund.
- What does it mean when the balance on my account has a minus sign in front of it?
This means that the account balance is a credit balance ... which means that the U of M owes the student money! The credit balance can be left on the account to cover future charges or a refund can be issued.
- Does the U of M accept credit cards?
The U of M does not accept credit cards in payment of student tuition bills.
- Does the University accept payments from payment/budget plans external to the UM?
If participating in a non-UM Payment/Budget Plan, term charges are still due according to the UM due dates for the term. Failure to meet the UM's payment due dates will result with a financial hold being applied to the student's account as well as the assessment of late payment fees.
- Does the University of Michigan have a tuition payment plan?
Yes! The U-M Payment Plan is OPTIONAL. Students do not have to participate in the plan. The
- How do I access my bill?
Monthly student account bills are available electronically in the form of an eBill. Students will receive a monthly email notification sent to their UMICH email account when the eBill is ready for viewing/printing. Students access their eBill via the Student Business Page in Wolverine Access.
- How do I pay my bill?
Payments are accepted by mail, on-line/epayment over the web, or in person at the University Teller Services window in the Student Activities Building. For more information, visit the Making Payment on a Student Account section of the website.
- When are charges due?
Tuition, fees, and room/board charges are due according to the following schedule for all students except 3rd and 4th year Medical School students:
- What are the tuition rates?
Tuition rates are established each summer for the upcoming academic year, as approved by The Regents of the University of Michigan.
- Which office at the University of Michigan handles my student loan(s)?
Student loans are applied for and administered through the Office of Financial Aid.
- What type of identification do I need to do business at the Cashier's Office?
The Cashier's Office requires two pieces of valid identification. One piece should be your UMID card and the other piece should be either a driver's license of passport. The Cashier's Office needs your UMID number for all transactions processed.
- What are the tuition rates?
Tuition rates are established each summer for the upcoming academic year. The Regents of the University of Michigan meet annually to approve tuition and fee rates for the new academic year beginning with the Fall term. Historically, tuition and room/board fees have increased each academic year.
In addition to tuition, all students pay miscellaneous (mandatory) fees, currently approximately $100.00 per term.
- What type of identification do I need to do business at Student Financial Services?
Student Financial Services requires the student's UMID number for all business transacted in the office along with a valid picture identificaiton.
- What is a Sponsored Student?
Sponsored students are those students that are registered and require the University of Michigan (U-M) to bill an outside sponsor for tuition a