How do I decline my loans?
The University of Michigan assumes a student will accept all aid offered until and unless a student notifies us otherwise. This means that students must personally decline or reduce their funding, if desired; parents cannot do this for a student.
To decline or reduce your funding, first log in to Wolverine Access and follow one of these paths:
- New & Prospective Students: You may not decline or reduce funding until you have accepted admission to U-M. Then you may use Wolverine Access Student Business to decline or reduce your funding. After logging in to the Wolverine Student Business page, select Financial Aid > [select the correct aid year] > Awards > Accept/Decline Financial Aid.
- Current Students: After logging in to the Wolverine Access Student Business page, select Student Center > Financial Aid > [select the correct aid year] > Awards > Accept/Decline.
If you want to reduce or decline a loan after you have already received the funds, contact the Office of Financial Aid right away. You have 60 days to modify your loan after it has been paid.
Note to Parents: You may not adjust a student loan on the student's behalf. However, if you are a Federal Direct PLUS Loan borrower wishing to adjust your PLUS loan, please email your request to our office. Always include the student's UM ID. You have 60 days to modify your loan after it has been paid.