Budget Reevaluation Form 2008-2009
   Stephen M. Ross School of Business Financial Aid●E2540● 710 E. University●Ann Arbor, MI
                                                               Tel: (734) 764-5139 ● Fax (734) 763-7804 ● Email:  rossfinaid@umich.edu

 

________________________________________          _______________       ______________________________
  Students Name: Last                     First                M.I.            UMID # (8 digits)             Email Address

Check the Applicable Time Period:

____ Fall/Winter Terms (8 months)    ____ Fall Term Only (4 months)   ____ Winter Term Only (4 months)

The Cost of Attendance budget is an estimate of your expenses as a Ross Student. If your expenses are exceeding the
standard budget, or you have additional unexpected expenses, you may request a budget reevaluation.

Instructions:  review the worksheet, enter the monthly amount you pay for each expense category that exceeds the
standard budget amount, and attach a *copy of the documentation required for each category. Documentation must
be submitted to process the reevaluation.

You will be contacted via email when the reevaluation is completed. Please allow 5-10 working days for processing.

Students may submit one reevaluation between October 1st and March 1st of the current academic year.
* Submit copies only - Original documents, if submitted, will not be returned.

Expense Category Standard Budget Amount Maximum Amount Allowed Your Amount Documentation Required
Direct Educational Expenses

 

 

 

 

Tuition

As Charged

 

 

 

Books/Supplies

$858/term

As documented

 

Copy of bill (s)

Computer (included in 1st year student budget)

$2,444 (one time allowance)

N/A

N/A

N/A
Housing/Food

 

 

 

 

Rent/Room Charge

$949/month

$2,000/month

 

Copy of lease

Food/Board
May be increased for proven special dietary needs. Include document of special need (i.e. a doctor's statement).

$466/month

 

 

 
Telephone  

$50.00/month

   Copy of phone bill (s)

Utilities

 

As documented

 

Copy of lease and copy of utility bill (s).

Cable
Internet

 

$32.00/month
As documented

 

Copy of bill (s)
Insurance

 

 

 

 

Health Care Insurance (UM Student  Plan - Chickering Group is already included in student budget)

UM Student Health insurance included in personal expense of budget

As documented

 

Copy of insurance bill
Transportation

 

 

 

 

Airfare - To home of record only.   No other airfare considered.

 

Maximum of (3) trips to the home of record
*Economy tickets ONLY

List no. of round trips __

Total Amount: $_________

Copy(ies) of airfare tickets or bills.
Healthcare

 

 

 

 
Doctor/Dentist Bills  

As documented

   Copy(ies) of bills.
Prescriptions  

As documented

   Copy(ies) of bills.
Personal/Miscellaneous

$505/month

Cannot be reevaluated or increased

N/A

N/A
Program-Related Expenses

 

 

 

Written Statement by Department that item is a required expense.
Car Insurance for academic year (documentation from department as to why required)       Written Statement by Department that item is a required expense.
Child Care

 

 

 

Copies of bills from a licensed facility.
No. of children Age 0-2:____

No. of children Age 3-5:____

No. of children in Kindergarten:____

No. of children in Grades 1-6:____

   $960/child per month

$763/child per month

$665/child per month

$381/child per month

   Documentation required for more than standard

                        Other

Expenses within academic period

No expenses incurred before academic period (i.e. moving expenses)

No Standard

No Standard

   Can include reasonable costs within award period for renter's insurance, additional long distance calls due to family crisis, etc. May not include a purchase of a car, other large items, health club dues, jewelry, sorority/fraternity costs, other person costs not related to attendance at UM.