<p>Hello, fellow Wolverines! It says my financial aid covers tuition, room, board, books, etc.
I was wondering how we go about buying books with the aid. Thanks!
One book for $150 used? Oh gosh.</p>
<p>u can buy used books for students who have taken the class previously or buy them online. I believe u get a refund if there’s a negative balance in ur acc, so you can use those money to buy books elsewhere if u dont wanna buy them at the bookstore.’
I never bought from the bookstore, by the way. It makes me sick to see they charge a book for 150 bucks when i can easily get one online for facebook marketplace for 50 or less</p>
<p>Yes, whatever money is left over from your financial aid will be refunded to you.</p>
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<p>I would like to know the answer to this question as well. As much as I hate buying books at the bookstore, I don’t have a choice for some of them.</p>
<p>Let’s say I go to Ulrich’s to buy a lab manual. Do I go up to the cashier with I.D. and say, “I’m paying for this with financial aid, so can you please take the money off my account”…?</p>
<p>Yeah, I don’t even have $300 to just bring for books so I can be refunded later. I won’t be able to afford it without the aid present.
I have a feeling I’m going to have a lot of complaining to do about my financial situation in the future coming in from OOS. <em>sigh</em></p>
<p>the financial aid system works like so:</p>
<p>Before the term starts, the OFA (office of financial aid) gets the typically undated tuitions for the semester and calculates a generic ‘cost of attendance’. This cost of attendance includes housing, tuition, and even extraneous things like books. This is the one you see on your wolverine access award notice.</p>
<p>With your FAFSA, the OFA then calculates how much financial aid you will need. Using formulas, they then split that need into loans, grants, work study, etc. so that they can try to match as much of your need. They will also include scholarship awards in account, which sometimes [i believe unfairly] reduces the loan/grant amount.
Rarely, the amount of financial aid left > your wolverine access bill. This may be because you elected not to stay in housing, or you accepted more loans than you need. If so, the money that is left over is paid to you [electronically if you set up your direct deposit account or by mail if you haven’t]. </p>
<p>In that sense, you are getting paid for your books and other supplies.</p>
<p>dude sprints did u read what the 2 posts above u said?</p>
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<p>I know this advice is a little late, but maybe you should see if you can defer your acceptance a year in order to work and build up a bit of a bank account. Even if your EFC was zero and you have a full package, that full package will still include at least $2500 in Work Study, meaning the money deposited in your account will be $2500 LESS than your calculated cost of attendance (because you only get work study money when and if you find and do the work…). So you might not actually have a cash refund with which to buy books, depending on your bill versus your package (using wolverine, go and use the financial calculator, or look at your bill online versus your aid total to see).</p>
<p>My son is in-state with scholarships and he has to work all summer to stay ahead of the eight-ball. You’ll also want a few months of expenses in the bank as well, to be replenished with funds from work-study…</p>