Due to the COVID-19 pandemic, many colleges have suspended or relaxed some admitted student requirements and extended decision and enrollment deposit deadlines. We recommend that you contact the colleges to which you have been accepted directly for the most updated and accurate information.

University of Michigan Tuition, Costs, & Financial Aid Information

Ann Arbor, MI

Tuition and Expenses


Cost of Attendance
In-state: $31,056
Out-of-state: $66,698
Tuition and Fees
In-state: $15,558
Out-of-state: $51,200
Room and Board
$11,996
Books and Supplies
$1,048
Other Expenses
$2,454
Payment Plans
Installment plan

Applying for Financial Aid


Financial Aid Office

Email
financial.aid@umich.edu
Web Site
Financial Aid Web Site
Net Price Calculator URL
Net Price Calculator URL

Application Process

Application Deadline
March 31
Award Notification
On a rolling basis beginning January 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

Profile of 2019 - 20 Financial Aid


Freshman

Financial Aid Applicants
4,863 (73.0%) of freshmen
Found to Have Financial Need
2,803 (57.6%) of applicants
Received Financial Aid
2,659 (94.9%) of applicants with financial need
Need Fully Met
1,847 (69.5%) of aid recipients
Average Percent of Need Met
90%
Average Award
$27,596
Need-Based Gift
Received by 2,124 (79.9%) of aid recipients, average amount $21,330
Need-Based Self-Help
Received by 1,904 (71.6%) of aid recipients, average amount $4,524
Merit-Based Gift
Received by 1,960 (73.7%) of aid recipients
Merit-Based Gift
917 (13.8%) of freshmen had no financial need and received merit aid, average amount $4,411

All Undergraduates

Financial Aid Applicants
15,973 (54.9%) of undergraduates
Found to Have Financial Need
11,706 (73.3%) of applicants
Received Financial Aid
11,310 (96.6%) of applicants with financial need
Need Fully Met
8,637 (76.4%) of aid recipients
Average Percent of Need Met
92%
Average Award
$28,711
Need-Based Gift
Received by 9,444 (83.5%) of aid recipients, average amount $21,665
Need-Based Self-Help
Received by 8,503 (75.2%) of aid recipients, average amount $5,019
Merit-Based Gift
Received by 7,735 (68.4%) of aid recipients
Merit-Based Gift
3,156 (10.9%) of undergraduates had no financial need and received merit aid, average amount $5,853

Borrowing

2019 Graduates Who Took Out Loans
38%
Average Indebtedness of 2019 Graduates
$25,777
Parents of Students Receiving Aid
3.0%
Parents of Students Not Receiving Aid
1.0%

Financial Aid Programs


Loans

Federal Loans
Direct subsidized Stafford loans, direct unsubsidized Stafford loans, direct PLUS loans, Federal Nursing loans
State Loans
 
Other Loans
College/university loans, Health Professions Student Loans (HPSL)

Scholarships and Grants

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
None

Non-Need Awards

Academic Interest/Achievement Award Areas
Architecture, Area/Ethnic Studies, Biological Sciences, Business, Communication, Computer Science, Education, Engineering/Technologies, English, Foreign Languages, Home Economics, Humanities, International Studies, Library Science, Mathematics, Military Science, Physical Sciences, Premedicine, Social Sciences
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)
 

Employment

Work-Study Programs
Federal work study available
Average Earnings from On-Campus Employment
$2,754

A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2020 Peterson's LLC. All rights reserved.