What Amount of Financial Aid is Available?
University of Michigan - Ann Arbor's average financial aid package for new freshmen is $25,716. About 53.0% of new students receive some kind of financial aid, most of which is scholarships and grants.
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.
A student loan is not a legitimate college discount, but rather an additional cost consideration. Discover how much student loan debt from U of Michigan you could end up taking on.
How Much U of Michigan 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.
51.0% of first year students (3,427 total) were awarded scholarships at University of Michigan - Ann Arbor, averaging $17,277 per student. This puts it in the top 20th percentile of all schools in the country.
As well as scholarships, 17.0% of freshmen (1,125 total) received federal grant aid, averaging $5,270 a person.
Check out the usual amount of grants and scholarships first years receive by looking at the chart below.
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 Level||Percent of Freshman||Average Assistance|
|Income 110k +||8.5%||$3,651|
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 $18,193
Of the 28,983 undergrads at University of Michigan - Ann Arbor around 52.0% (15,069 total) obtain some type of grant aid. The average quantity given was $18,193.
Financial Aid Links from University of Michigan - Ann Arbor
|Financial Aid Department Website||www.finaid.umich.edu|
|Net Price Calculator||https://npc.collegeboard.org/student/app/umich|
|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 >|
|Request Info||Purdue University Building on Purdue’s mission to provide greater access to affordable, world-class education, Purdue University Global delivers a fully personalized online experience that’s tailored to working adults. By opening the doors to adults who need flexibility to fit learning into their busy lives, we make it possible to achieve a high-quality education from the prestigious Purdue University system—completely online. Learn More >|
|Request Info||Grand Canyon University (GCU) With a spotlight on intellectual creativity and innovation for the 21stcentury, the College of Humanities and Social Sciences at GCU provides a job focused education. It blends the study of traditional humanities in a modern context. Through academic inquiry and beyond the box thinking, the college advances our society and its accomplishments. Learn More >|
|Request Info||Northcentral University Northcentral University (NCU) was founded to provide accessible, high-quality, online graduate degrees to working professionals. As a regionally accredited, online university, NCU serves students worldwide, focusing on Doctoral and Master's degree programs in the Schools of Business and Technology Management, Education, Psychology, and Marriage and Family Sciences. Learn More >|
|Request Info||Colorado Technical University (CTU) CTU could help you connect to what matters most: a powerful professional community, faculty who are real-world professionals, and innovative technology. Learn More >|