Financial Aid Module

During the financial aid disbursement process, Charge Priorities are values that determine which charges are covered on students’ accounts and the order in which the charges are paid.
Financial Aid Item Types (FAITs) are 12-digit numbers that uniquely identify financial transactions or events by associating them with specific information in M-Pathways. Financial Aid Item Types (FAITs) are a category of Item Types setup to identify funds awarded as financial aid.
It is the policy of the University of Michigan that refunds from financial aid disbursements be paid directly to students via the Accounts Payable (AP) system. The two standard options for disbursements are direct deposit and U.S. Mail.
Students occasionally need to receive their financial aid funds prior to the weekly disbursement cycle. In these instances, departments can initiate emergency aid disbursements to allow students to receive their refund checks prior to the regular delivery date.
The Charge Priority identifies to the M-Pathways system which charges on a student's account should be paid by the Financial Aid (FA) Item Type and in which order.
Students must exist in M-Pathways before you can enter financial aid awards. If you need to enter an award for a Guest Student (a student who is not currently admitted to or enrolled in a University of Michigan degree or certificate program), follow the Guest Students instructions in this document before entering the award on the Assign Departmental Awards component in M-Pathways.
During the financial aid disbursement process, Charge Priorities are values that determine which charges are covered on students’ accounts and the order in which the charges are paid.
Charge Priorities are values that determine which charges are covered on students’ accounts and the order in which the charges are paid.
On occasion, special student circumstances warrant circumvention of an award’s Disbursement Rules or Disbursement Plan and Split Code. This document provides the instructions for requesting, documenting, and executing Disbursement Overrides.
A “Special Handling” request enables departments to specify a one-time mailing address or pick-up location for a financial aid disbursement check for a student whose refund needs to be handled outside of the normal refunding process.