Ann Arbor, Michigan
Public
Admissions Policies
Deposit & decision deadline (class of 2024)
May 1
Test-optional admissions ('20-'21)
Yes
University of Michigan-Ann Arbor works to make your education at their institution affordable. First of all, they offer their Go Blue Guarantee which provides free tuition for in-state residents whose family income is less than $65,000 and whose assets are $50,000 or below, with tuition support for families with income up to $180,000.
There are a variety of scholarships available to help students. They come from various departments, centers, colleges, and schools as well as the admissions and financial aid office. They include undergraduate scholarships, scholarships for studying abroad, distinguished scholarships, graduate student scholarship opportunities, and alumni scholarships. Remember that some scholarships may require an additional application.
The Office of Financial Aid offers many resources to help understand the financial aid process in general and at University of Michigan. You must fill out the CSS/Financial Aid Profile and the FAFSA in order to be considered for financial need-based aid. When you do that, you will automatically be considered for other need-based and merit-based aid. Three helpful resources offered through the Office of Financial Aid is a 10-paged PDF with Information for prospective students. There is also the University of Michigan's 26-page Financial Aid Guide and the
Parent Financial Aid Guide. The Office of Financial Aid occasionally offers surveys with incentives to win money in an effort to learn about the financial habits of its students.
Office of the Provost offers emergency funds to students who are experiencing an unexpected life crisis or emergency. This link provides access to a detailed list of centers and offices on campus that administer emergency funds and how to apply if needed. Emergency Assistance financial aid reevaluation and short-term emergency loans
The University of MIchigan helps make paying for college easy with its Planning Tools and Calculators including links and information for:
The Financially Savvy Student is a "class offered through the College of Literature, Science & the Arts at the University of Michigan. This 1-credit mini-course is designed to teach students the basics of personal finance, why financial matters are important and to impart a sense of history about this topic. Financial aid basics are also included in the course syllabus. It is taught by Office of Financial Aid professionals."
The total cost of attendance includes tuition and fees, books and supplies, and living expenses.
Tuition (in-state)
$15,262
Tuition (out-of-state)
$49,350
Room and board
$11,534
Books and supplies
$1,048
Fees
$165
Other
$2,454
The average student pays this amount per year.
Percentage of freshman students who receive some form of financial aid.
This school's financial aid meets 93 % of student's demonstrated need.
The average University of Michigan-Ann Arbor merit scholarship for students without financial need
of University of Michigan-Ann Arbor students without financial need receive a merit scholarship
University of Michigan-Ann Arbor's offers many merit-based scholarship opportunities. Many are awarded through the Financial Aid Office automatically and without additional applications necessary. There are also several Enrollment and Invitational Scholarships for which all students who submit an admissions application will be considered. The Partner Program Scholarships and the Stamp Scholars Program are also merit-based and have certain eligibility criteria depending upon the program. You can find out more information about these scholarships and others that require additional applications on the 5 Steps to Scholarships Page.
After becoming admitted to the University of MIchigan Ann Arbor, you can set up a My Scholarship Profile to be considered for scholarships. Don't forget to check the criteria and eligibility for specific scholarships to make sure you submit all of your documents on time to be considered.
Undergraduates are encouraged to apply for admissions early in order to be considered equally for all potential merit-based scholarships. There are also scholarships offered by the
individual schools and colleges so it is important to check the appropriate departments for additional potential opportunities. If you are a graduate student you may also apply for merit-based scholarships here.
Very few students pay the full price. Here's the average cost for students in different income brackets:
Resources
Endowment (2019)
$12,448,816,790
Endowment per enrolled student (FTE)
$216,758
State financial support per student
$6,773
This is lower than the national average ( $7,523).
Share of Students Studying Online (Graduate and Undergraduate)
Likelihood that a student moved up two or more income quintiles.
Percent of first-time students receiving Pell Grants.
This is lower than the national average 31.0%
Relative to the market of potential students
Underrepresented
Black
White
Representative
Native American
Hispanic
Hawaiian
Multi-racial
Overrepresented
Asian
The average student takes out this amount in student loans.
The percentage of students that repay their loans within 5 years.
The percentage of students that repay their loans within 7 years.
The percentage of families that default on their loans after 3 years.
After graduation, here's how the average salary of a University of Michigan-Ann Arbor graduate grows over time:
SAT range:
1330 - 1510
ACT range:
30 - 34
Application fee:
$75
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The data and analysis above is sourced from the following reliable third party sources:
For more information, visit our Data page.
Our Financial Health information is designed to provide you with financial data on the private colleges you are considering. Our Post-Covid Resiliency Ratings are based on a data model described in more detail here as well as information from the independent third party sources we list above. Keep in mind, there may be additional public or private data which may make a college or university more or less financially resilient. We recommend that you request the most current financial information from the college or university you are considering so that you will have the most complete and current information available while evaluating the financial health of the institution and to inform your decision making process. All information and data we provide on this site is for informational purposes only and is not an endorsement, guarantee or other recommendation, whether favorable or unfavorable, regarding a particular institution. We make no representation or warranty regarding the information, all of which is provided free of charge and for informational purposes only.