$$$ help

Colleges and Universities A-Z University of Michigan
1

<p>i have some questions. someone please help. thanks!</p>

<p>anyways, the total cost of attendance for an out of state student for 2006-2007 is $40,095.</p>

<p>tuition: $29,132
room & board: $7,838
books & supplies: $1,002
personal & misc: $2,124</p>

<p>i have financial aid covering the $40,095 in terms of loans and grants, but i was wondering when will i receive the money that was allocated to books & supplies and personal & misc? or will i even receive it at all? i also requested $600 in entree plus with the standard any 13 meal plan. thanks.</p>

2

<p>I think they said something about sending you a check after school started.</p>

3

<p>I think if they are direct loans through the school they would disperse the loans to cover the bill. Then whatever was left would go to you or your parents in the form of a check. At least thats what I thought. I think mine get dispersed on 8/27/06.</p>

4

<ol>
<li><p>If you applied for the Perkins Loan and filled out the MPN, then those funds
will be transferred to your student account sometime before classes start
(Sept 5th)</p></li>
<li><p>I believe that the school actually takes the amount of grant money you
got and subtracts it from your total cost of attendance. For Example: Your
an OOS and tuition $29,132. If you got $5000 in grants, then your tuition
bill would state as $24,132.</p></li>
<li><p>I don't think you get money for personal expenses because that varies
from person to person and there really isn't any way to determine how<br>
much someone will spend. For Example: Girls might spend more money than
guys on makeup/clothes stuff like that.</p></li>
</ol>

5

<p>If you have all of your cost of attendence covered by aid, then personal expenses are covered. They go off the average of $65 a week which gets you to the $2,124 which forgiven specified. So you just have to budget your personal expenses around what they estimate.</p>

6

<p>so when would i recieve the 2,124?</p>

7

<p>I'm in a serious situation....I wasn't aware they sent us a check for 2K</p>

8

<p>My aid just kicked in today. I haven't deposited my scholarships yet so I am about $1250 away from paying my balance this semester. It looks like my parents are getting about $300 back in the form of a check and I still have up to $1500 in work study this semester.</p>

<p>Check your acount summary or whatever it is called and see if the loans have been added to the balance.</p>

9

<p>There is a separate link on wolverine access for called "loan summary" or something to that effect that is basically a statement of how much money you've withdrawn from you loans.</p>