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.