Tuition-Valued Awards Updated with Re-Budgeted Tuition Values

The Regents approved the actual tuition rates for the 2009-2010 cademic year at their June meeting. This enabled the following tasks to be completed in M-Pathways:

-- Financial aid budgets have been updated with the actual tuition rates. The tuition component of each student's financial aid budget is calculated based on full-time attendance.

-- Tuition-valued awards that were entered prior to June 22, 2009, or Aid Year 2010, have been updated based on the new rates. A tuition-valued award has its amount calculated automatically based on the value in the "Calc Flag" field. Tuition-valued awards entered on or after June 22, 2009, were calculated automatically with the updated tuition rates.

-- Awards entered after August 13, 2009, will not appear as aticipated (pending) aid on students' accounts. Please communicate accordingly with your students. Anticipated aid is aid that students would receive if disbursement rules are met, and is intended to pay charges on students' accounts.

-- The first posting to students' accounts for actual tuition charges for Fall 2009 for most students will begin on August 7, 2009. It will be calculated nightly thereafter based on student enrollment activity.

FOR ASSISTANCE OR QUESTIONS
Contact the MAIS Help Desk:
-- Phone: 734-936-7000, option 4
-- E-mail: maishelpdesk@umich.edu
-- Web: <http://www.mais.umich.edu/online_help_desk>

To: "M-Pathways Users Who Enter or Monitor Financial Aid Awards"
Subject: Tuition-Valued Awards Updated with Re-Budgeted Tuition Values
From: MAIS.Inform
Date: Wednesday, July 08, 2009