Welcome to the University of Michigan Medical School Financial Aid Office

The Financial Aid Office is dedicated to ensuring that eligible students receive the financial resources necessary to cover their educational expenses. Applying for financial aid can sometimes feel like finding your way through a maze. We hope that the information contained within our website will alleviate some of the anxiety associated with the financial aid process. We welcome your suggestions and comments!

Important Dates to Remember:

January 1, 2013 (2013-2014 Financial Aid Application available)

March 31, 2013 (2013-2014 Financial Aid Application deadline)

2013-14 Financial Aid Disbursement Dates

  Fall Winter
M1 August 5, 2013 January 8, 2014
M2 August 19, 2013 January 8, 2014
M3 May 6, 2013 October 28, 2013
M4 May 13, 2013 October 28, 2013

2013-14 Tuition Due Dates

  Fall Winter
M1 August 31, 2013 January 6, 2014
M2 August 31, 2013 January 6, 2014
M3 May 31, 2013 October 31, 2013
M4 May 31, 2013 October 31, 2013

2013-14 Tuition Rates – Estimated

Resident - $30,118

Non-Resident - $48,062

For payment information and options see Student Financial Services: http://www.finops.umich.edu/student

Events

Each year the Financial Aid Office hosts a number of seminars that we collectively call the Financial Wellness Series. These seminars are targeted toward helping students make informed decisions concerning their financial well-being. The title and short description of each of the seminars for this year is listed below. If you have other topics of interest that you would like to see in future years, please let us know.

If you are unable to attend, videos of the presentations will be available for viewing by clicking the link at the bottom of each section. After you have viewed the videos we would appreciate any feedback that you would like to offer.

Financial Wellness Series 2012 - 2013 Seminars

December 4 – Managing Your Money – Creating and Budget
CVC Danto Auditorium – 5:30 pm
Mark Munzenberger, Director of Organizational Quality and Education, GreenPath Debt Solutions
Bob Boutin, President, Midwest Financial Education, L.C.

Watch Video | GP Interactive Budget | Money Management System Interactive

Learn about the importance of creating a monthly budget, tracking expenses, and systems to help you stay organized with your money. We will discuss priorities, needs vs. wants, and the dangers of excessive credit card debt. Money Management System and GP InteractiveBudget budget sheets are attachments to this email. These forms can be used electronically with your computer or can be downloaded and printed. Please complete the budget sheet as completely as you can and bring it with you to this session for discussion.

December 4 – Understanding Your Credit Report CVC Danto Auditorium – 6:30 pm
Bob Boutin, President, Midwest Financial Education, L.C.
Mark Munzenberger, Director of Organizational Quality and Education, GreenPath Debt Solutions

Establishing and maintaining good credit is an essential part of becoming financially fit. Learn how credit reporting works, and the important steps one needs to take to avoid credit trouble. We will also discuss how credit scores are calculated, and provide some tips to keep a strong rating.

NOTE: Managing Your Money and Understanding Your Credit Report are being held on the same evening, with a short dinner break at approximately 6:15.

Watch Video

January 31 – Investment Basics, Wealth and Estate Planning
CVC Danto Auditorium – 5:30 pm
Bob Boutin, President, Midwest Financial Education, L.C.
Marc Melamed, Strobl and Sharp, P.C.

Already thinking about what you want to accomplish for yourself and your family as your career progresses? This seminar will help you understand the fundamental for planning for success while addressing the “what-ifs” that can throw your plans off track. While we will talk about wealth planning as a long-term activity, we will focus on what you can do as a house officer to start yourself on the path toward financial security.


Watch Video | View Presentation Slides

February 12 – Basic Income Tax Preparation
CVC Danto Auditorium – 5:30 pm
Kurt R. Murphy, CPA/MSF, Director of Accounting & Finance, GreenPath, Inc.

This session will help you with basic income tax return preparation and will answer questions you may have about:

March 7 – A Strategic Approach to Managing Your Medical School Debt
CVC Danto Auditorium – 5:45 pm
Andrew Franger, CFP(R), GL Advisor, Client Relationship Manager

This presentation is geared toward graduating M4 students, but all students are welcome and encouraged to attend. This presentation complements the mandatory individual exit interview with the Financial Aid Office. In this session you will learn how recent and upcoming regulations will help address the mounting debt burden facing many medical school graduates.