Home Funding Stipend Disbursement Calendar Stipend Disbursement Calendar Students who receive Rackham full term fellowships, or are on external fellowships processed by the Rackham Fellowships and Finance, may find the disbursement calendar below helpful. It provides information on the university’s scheduled payment of stipends for the current academic year and for a spring/summer award. Please review the following payment schedule carefully. Students with a combined fall and winter award will receive 10 equal payments. Students with a fall only or winter only award will receive five equal payments. Students with a spring/summer award will receive four equal monthly payments. Payment dates for the term are indicated by an “X” in that column. NSF recipients follow different disbursement dates. NSF students receive a combined eight disbursements for fall and winter terms, four disbursements each term. Please refer to the NSF Welcome email for disbursement dates. Please note that specific registration requirements must be followed for your stipends to release on time. In most cases, students must be enrolled full-time ten days prior to the start of a term in order to avoid slight delays in fellowship payments. If you have questions about your award please contact Finance and Fellowships. Stipend Disbursement Plan (September to August) Aid Year 2025 to 2026 (beginning fall 2025) Fall and Winter Terms Fall Term Only Winter Term Only Spring and Summer Terms Early September 8/21/25 8/21/25 September 9/22/25 9/22/25 October 10/20/25 10/20/25 November 11/17/25 11/17/25 December 12/12/25 12/12/25 Early January 1/5/26 1/5/26 January 1/26/26 1/26/26 February 2/23/26 2/23/26 March 3/23/26 3/23/26 April 4/20/26 4/20/26 May 5/18/26 June 6/15/26 July 7/13/26 August 8/10/26 Contact Us Hours: Finance and Fellowships is open Monday through Friday, 8:00 a.m. to 4:30 p.m. The office is closed Saturdays and Sundays and on university holidays. Location 0120 Rackham Building 915 East Washington Street Ann Arbor, MI 48109-1070 Contact Phone: 734.764.8119 Fax: 734.615.7535 Email: [email protected]