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National Application Center :: campus tours :: University of Michigan - Ann Arbor costs & financial aid

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University of Michigan - Ann Arbor

University of Michigan - Ann Arbor
500 S. State Street
Ann Arbor, MI 48109

Official telephone: (734) 764-1817
Fax number: (734) 936-0740
Website: https://umich.edu
Screen last updated on: January 2025

The financial aid information below is valid for the 2024 academic year.

FINANCIAL AID OFFICE
Financial aid homepage: npc.collegeboard.org/
student/app/umich

EXPENSES
Undergraduate tuition: $17,977; $59,775 out-of-state
Book fees: $1,158
Miscellaneous expenses: $400
Other expenses: Estimated expense of transportation for residents.
Combined room and board expenses: $15,328

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSADecember 15noMarch 31
CSS/Financial Aid PROFILEN/AnoN/A

Applied for financial aid:
74% of first-year students
54% of full-time undergraduates
Determined to have financial need:
54% of first-year students
69% of full-time undergraduates
Students determined to have financial need who received any financial aid:
96% of first-year students
97% of full-time undergraduates
Students receiving financial aid who received need-based self-help aid:
40% of first-year students
45% of full-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
71% of first-year students
67% of full-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
67% of first-year students
73% of full-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
91% for first-year students
92% for full-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$30,865 for first-year students
$32,815 for full-time undergraduates
Average need-based gift award:
$24,692 for first-year students
$26,613 for full-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$3,710 for first-year students
$4,239 for full-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$3,635 for first-year students
$4,451 for full-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
15% of first-year students
11% of full-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$4,425 for first-year students
$6,213 for full-time undergraduates
School participates in Federal Work-Study Program: yes

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • FFEL Unsubsidized Stafford Loans
  • Federal Perkins Loans
  • Federal Nursing Loans
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
  • Iraq and Afghanistan Service Grant, Michigan Competitive Scholarship, Michigan Grant, M-Pact, TEACH Grant, MTS/Fairfax, Tappan.
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants
  • athletic scholarships

Data is copyrighted material under license to Peterson's, LLC. Material may contain updates provided solely by the institution to which the updated Data relates. These updates are not independently validated, and no party associated with this website can accept responsibility for their accuracy. Copyright © 2021 by Peterson's, LLC. All rights reserved.