- Published on Wednesday, March 21, 2012 09:53
You've got your financial aid, you've developed your plan, now it's time to put it all together on your student account bill.
Getting Your Bill
In early July the College begins sending notification of your bill. This notification is sent as an email to you. If you'd like to have your parents get a copy you'll need to set them up as authorized users. If you're an entering student, you can do that at SOAR or by logging into ACIS and visiting the eBill section.
Understanding Your Bill
The charges reflected are only for the fall semester. Your financial aid offer and your financing plan are for the whole year, so the numbers will be different. Your bill will include your tuition, fees, room and board charges.
Financial Aid on Your Bill
Some of your financial aid will be reflected on your bill.
Some won't -- here's why:
Federal funds cannot be credited to your student account until ten days before the start of the semester. That includes, Pell and Supplemental Grants, Perkins and Direct Loans.
Michigan Tuition Grant funds will be applied when the State confirms your eligibility.
If you haven't completed all the requirements, we can't put funds on your account.
What Does 'Authorized Financial Aid' Mean?
These funds are all set and ready to pay. We are waiting until ten days before the beginning of the semester to put the funds on your student account (it's a federal rule, we can't put it on until then). These funds are already subtracted from the amount due on your bill.
What Are 'Memo Items'?
These are funds that are in process, meaning you are eligible for them, but you haven't completed all the requirements yet. In order to have these funds credited to your student account you need to complete the requirements—you can view those in your ACIS account.