University of Michigan Tuition And Expenses
| Cost of Attendance | In-state: $29,526 Out-of-state: $62,176 |
|---|---|
|
Tuition and Fees |
In-state: $14,826 Out-of-state: $47,476 |
|
Room and Board |
$11,198 |
|
Books and Supplies |
$1,048 |
|
Other Expenses |
$2,454 |
| Payment Plans | Installment plan |
University of Michigan Applying For Financial Aid
| financial.aid@umich.edu | |
| Web Site | Financial Aid Web Site |
| Net Price Calculator URL | Net Price Calculator URL |
| Application Deadline | April 30 |
|---|---|
| Award Notification | On a rolling basis beginning March 15 |
| Methodology for Awarding Institutional Aid | Federal and Institutional Methodologies |
| Forms Required | Cost to File |
|---|---|
| FAFSA Code is 002325 | Free |
| CSS/Financial Aid Profile | $25 for first college, $16 each additional |
University of Michigan Profile Of 2015-16 Financial Aid
| Financial Aid Applicants | 4,123 (68.1%) of freshmen |
|---|---|
| Found to Have Financial Need | 2,446 (59.3%) of applicants |
| Received Financial Aid | 2,338 (95.6%) of applicants with financial need |
| Need Fully Met | 1,891 (80.9%) of aid recipients |
| Average Percent of Need Met | 89% |
| Average Award | $24,025 |
|
Need-Based Gift |
Received by 1,944 (83.1%) of aid recipients, average amount $17,410 |
|
Need-Based Self-Help |
Received by 1,641 (70.2%) of aid recipients, average amount $5,017 |
|
Merit-Based Gift |
Received by 1,661 (71.0%) of aid recipients |
| Merit-Based Gift | 1,200 (19.8%) of freshmen had no financial need and received merit aid, average amount $5,177 |
| Financial Aid Applicants | 14,276 (52.6%) of undergraduates |
|---|---|
| Found to Have Financial Need | 10,405 (72.9%) of applicants |
| Received Financial Aid | 10,091 (97.0%) of applicants with financial need |
| Need Fully Met | 8,277 (82.0%) of aid recipients |
| Average Percent of Need Met | 87% |
| Average Award | $24,323 |
|
Need-Based Gift |
Received by 8,564 (84.9%) of aid recipients, average amount $17,673 |
|
Need-Based Self-Help |
Received by 7,872 (78.0%) of aid recipients, average amount $5,689 |
|
Merit-Based Gift |
Received by 6,333 (62.8%) of aid recipients |
| Merit-Based Gift | 4,196 (15.4%) of undergraduates had no financial need and received merit aid, average amount $7,442 |
| 2016 Graduates Who Took Out Loans | 44% |
|---|---|
| Average Indebtedness of 2016 Graduates | $25,712 |
| Parents Borrowing PLUS Loans | |
|
Parents of Students
Receiving Aid |
5.0% |
University of Michigan Financial Aid Programs
| Federal Loans | Direct subsidized Stafford loans, direct unsubsidized Stafford loans, direct PLUS loans, Federal Perkins loans, Federal Nursing loans |
|---|---|
| State Loans | |
| Other Loans | College/university loans, Health Professions Student Loans (HPSL) |
| Need-Based Available | Federal Pell grants, SEOG, State scholarships, Institutional scholarships, Private scholarships, TEACH Grants, Iraq and Afghanistan Service Grants, Michigan Competitive Scholarships |
|---|---|
| Non-Need–Based Available | Academic scholarships, Creative arts/performance scholarships, Music/Drama scholarships, Athletic scholarships, State scholarships, ROTC scholarships, Alumni affiliation scholarships, Leadership scholarships, Religious affiliation scholarships |
| Academic Interest/Achievement Award Areas | Engineering/Technologies, English, Foreign Languages, Health Fields, Humanities, International Studies, Library Science, Mathematics, Military Science, Physical Sciences, Premedicine, Social Sciences, Architecture, Area/Ethnic Studies, Biological Sciences, Business, Communication, Computer Science, Education |
|---|---|
|
Number of Awards |
Not reported |
|
Top Areas (By Money
Awarded) |
|
| Creative Arts/Performance Award Areas | Art/Fine Arts, Cinema/Film/Broadcasting, Creative Writing, Dance, Journalism/Publications, Music, Performing Arts, Theater/Drama |
|
Number of Awards |
Not reported |
|
Top Areas (By Money
Awarded) |
|
| Special Achievements/Activities Award Areas | Community Service, Leadership |
|
Number of Awards |
Not reported |
|
Top Areas (By Money
Awarded) |
|
| Special Characteristics Award Areas | Children of Faculty/Staff, Children of Workers in Trades, Handicapped Students, International Students, Local/State Students, Members of Minorities, Out-of-State Students |
|
Number of Awards |
Not reported |
|
Top Areas (By Money
Awarded) |
| Work-Study Programs | Federal work study available |
|---|---|
| Average Earnings from On-Campus Employment | $1,550 |