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.