Search Colleges


  1. Sponsored Schools
College Factual Homepage
  • Loading progress spinner
  • Sign In
  • Sign Up
  • Decision Dashboard
  • Match Profile
  • Colleges
  • Majors
  • Rankings
  • Loading progress spinner
  • Sign In
  • Sign Up
  • Decision Dashboard
  • Match Profile
  • Sign Out
  • Colleges
  • Majors
  • Rankings
  • University of Michigan - Ann Arbor/
  • Paying/
  • Financial Aid
University of Michigan - Ann Arbor
Ann Arbor, Michigan
credit
  • Overview
  • Rankings
  • Applying
  • Academics
  • Student Life
  • Paying
  • Outcomes
  • Tuition And Fees
  • Room And Board
  • Financial Aid
  • Net Price
  • G.I. Bill®
  • Value
  • Financial Aid
  • Tuition And Fees
  • Room And Board
  • Net Price
  • G.I. Bill®
  • Value
  • Overview
  • Rankings
  • Applying
  • Academics
  • Student Life
  • Paying
  • Outcomes

What U-M Fin Aid Are You Eligible For?

The total cost of attendance at U-M can seem overpowering, but bear in mind that many students receive some kind of financial aid. This could be in the form of scholarships, grants, work-study, or loans.

However, some types of help are more desireable than others, plus some students will receive more than others. Figure out more below.

Covered on this Page:

  • Financial Aid for First Years
  • Grants & Scholarships for First Years
  • Financial Aid by Income
  • Student Scholarship Breakdown
  • Important Links
  • Additional Financial Aid Resources

What is Inside a Normal Financial Aid Package at U-M

University of Michigan - Ann Arbor's average financial aid package for new freshmen is $27,033. About 52.0% of new students receive some kind of financial aid, most of which is scholarships and grants.

College Discounts

Student loans are a part of financial aid offers, even so the only true discount from the expense of college is a scholarship or grant that you don't need to repay.

What About Student Debt?

Student debt really should be thought of as an added expense instead of as "aid" or a "discount". Learn more about student loan debt at U-M.

How Much U-M Aid Will I Get That Won't Put Me in Debt?

The stats following pertain to assistance that is provided by University of Michigan - Ann Arbor.

52.0% of first year students (3,434 total) were awarded scholarships at University of Michigan - Ann Arbor, averaging $17,962 per student. This puts it in the top 20th percentile of all schools in the country.

As well as scholarships, 17.0% of freshmen (1,151 total) received federal grant aid, averaging $5,521 a person.

Check out the usual amount of grants and scholarships first years receive by looking at the chart below.

Scholarships, Grants... What's the Difference?

Scholarships are awarded based on merit or special ability, while grants are need based.

Financial Aid per Family Income

The below chart demonstrates scholarship and grant allocations by income for freshmen receiving any form of federal Title IV assistance, including Federal PLUS loans.

Income LevelPercent of FreshmanAverage Assistance
Income 0-30k4.6%$27,036
Income 30k-48k3.6%$24,315
Income 48k-75k3.4%$20,174
Income 75k-110k4.2%$12,163
Income 110k +8.9%$4,130
Title IV Aid

Title IV aid includes loans, grants, or work-study given by the federal government generally according to financial need. Learn more here.

The Standard Undergraduate Who Gets a Grant or Scholarship Obtains $21,174

15,657 U-M undergrads obtain grants (this is about 52.0% of the entire student population). The usual amount these students obtain is $21,174

Looking for Detail About Tuition and Fees Costs?

Check out the Tuition and Fees page or the Cost Per Credit Hour page for more info.

Financial Aid Links from University of Michigan - Ann Arbor

Financial Aid Department Websitehttps://finaid.umich.edu
Net Price Calculatorhttps://npc.collegeboard.org/app/umich
Request Info

Continue Your Research on U-M

‹ Back to Room And Board
Continue to Net Price ›

Featured Schools

Southern New Hampshire University Logo Request Info Southern New Hampshire University

You have goals. Southern New Hampshire University can help you get there. Whether you need a bachelor's degree to get into a career or want a master's degree to move up in your current career, SNHU has an online program for you. Find your degree from over 200 online programs ... Learn more >

Search Colleges


  1. Sponsored Schools

Articles and Blogs on Affording College

Company

  • About Us
  • Our Team
  • Data
  • Press Room
  • Contact Us

Get Started

  • Students
  • Parents
  • Advisors
  • Educators
  • Veterans

Tools

  • Majors Matcher
  • College Matcher
  • College Combat ®
  • Cost Cutter
  • GI Bill® Maximizer

Resources

  • College Rankings
  • College Profiles
  • Major Profiles
  • Inside CF Blog
  • Feedback & Support

Follow

  • Twitter
  • Pinterest
  • Facebook
  • LinkedIn
  • Google+
Privacy Policy | Terms of Use
© All Rights Reserved. College Factual ® is a registered trademark of Media Factual