Special Note: An estimated award is only informational: it is not an official award. It is based on the original information from the Free Application for Federal Student Aid (FAFSA) without documents required to complete your file. You must submit the required documents identified in your award package. Your application will be reviewed upon receipt of your documents. If necessary, corrections or changes will be made to the original FAFSA information. As a result, your award may change. Any revised award will supersede an estimated award.

All grants and scholarships (“gift aid”) are automatically accepted on your behalf. You are expected to know and understand the terms and conditions associated with each award.

If you have been offered loans or work-study, you must decide to accept, to decline or to reduce each of these awards. Reducing or declining loans and/or work-study will not increase the amount of aid received in grants and scholarships. By accepting your award offers and receiving the funds, you are accepting responsibility to comply with all eligibility requirements.

• Loans must be repaid after graduation or upon leaving college or enrolling at a less than half-time status (6 credits undergraduate/4 credits graduate).
• Work-study provides funding for employment on campus and off campus for non-profit or community service employers.

Accepting or Declining Awards Online

• One semester loans cannot be accepted online--use a Student Decision Form or submit an e-mail to ask-ofa@umd.umich.edu
  

• Once you have submitted your decision, you will not be able to make any changes online. Please contact the Office of Financial Aid if you need to make any changes to your online decision.

By accepting your offer of financial aid you are stating you have and will continue to meet all the following conditions of acceptance set by regulations and UM-Dearborn policies:

1) The information submitted on your aid application is correct and complete.

2) You will notify UM-Dearborn's Office of Financial Aid if you receive assistance not originally on your award notification (ie. and outside scholarship). An adjustment of other aid may be necessary even if funds have already been distributed.

3) You will use the financial aid awarded to you only for payment of tuition, books, transportation, and other related educational expenses.

4) You agree that financial aid awarded to you may be used as a credit toward payment of all tuitions, fee, and other charges that may be due on your student account.

5) You will maintain satisfactory academic progress toward your degree according to the policy of the UM-Dearborn Office of Financial Aid.

6) You will maintain the minimum credit hour requirements for your financial aid award. If you drop below the required number of credit hours upon which your award was based or withdraw completely from your courses, you may be expected to repay all or part of your award

7) You will notify the Office of Financial Aid if you do not plan to enroll in a semester for which you have been awarded aid.

8) You are not in default on educational loans and do not owe a refund for any federal funds received at UM-Dearborn or any other institution.

9) You must meet all the requirements regarding registering for selective service, citizenship status, and drug conviction status.

10) You will respond promptly to any requests for additional information. Failure to do so may result in your being billed for a portion or all of the aid disbursed to you or could delay additional disbursements.

11) You will immediately notify the Enrollment Services Office if you withdraw from the university. You may be billed for part or all of your financial aid. The bill depend on the date of your withdrawal and the percentage and amount the institutional refund to be received.

12) You agree to repay UM-Dearborn any financial aid funds disbursed to you in error. If a mistake was made, whether by you, UM-Dearborn, or another agency, federal regulations require that the mistake be corrected and funds be recovered as necessary.