Fund Disbursement

Receiving Your Funds

Once you’ve applied for financial aid and your needs have been assessed, you’ll get an email through your student account directing you to check Wolverine Access to view your offer package.

Financial aid award notification schedule

Notification of financial aid awards varies by class.

If you would like to share your award notice with others (such as your parents or your spouse or partner), you can save a copy of the award notice file to email or print.

You can also invite your parents or family members to view your account information by creating a Friend Account in the Parent/Family Authorization section within Wolverine Access.

Disbursement dates for these funds occur twice annually and will also vary by class.

For the latest disbursement date information, see our Financial Aid Timeline.

How to Accept, Decline or Reduce Your Awards

Funds over and above the amount of tuition and fees will be refunded to you. If you have a direct deposit authorization on file, the funds will be deposited directly into your designated bank account.

If you don’t have direct deposit, the funds will be mailed to your local address as listed in Wolverine Access, so please keep this current.

You may accept, decline or reduce specific awards through Wolverine Access before the aid is disbursed.

Once awards have been disbursed to your account, any changes to the aid amount you want to keep must be completed through our office.

Be sure to review and understand all the terms and conditions of your award before making any decisions. We are happy to answer any questions you may have.

Setting Up a Direct Deposit Account

Grants, scholarships and loans administered by our office are first applied directly to your University Student Account to pay charges for tuition and fees. Financial aid awarded for a specific term can only pay for charges for that same term. Only charges that are currently on your account at the time of disbursement will be paid. Future charges will not be paid.

To take advantage of direct deposit, select Direct Deposit from the Student Business page of Wolverine Access. You may complete this form at any time during the year, but please allow 10 days for the form to be processed.

The Direct Deposit Authorization form will cover all funds disbursed to you, including financial aid and any University employment wages.

The direct deposit authorization will remain in effect until you cancel it. To do this, you must complete another copy of the form and mail it to the Payroll Office.