What to Know About Tuition & Fees
Get a good understanding of the tuition charges associated with University of Michigan - Ann Arbor so that you can plan successfully for your college years. Check out the figures below to understand how University of Michigan - Ann Arbor's cost compares to other colleges and if you should plan for tuition increases.
How Does University of Michigan - Ann Arbor Contrast With Other Schools?
The following table outlines how U-M measures up to other schools nationally, regionally and by state.
|Tuition and Fees||Expensive||Expensive||Expensive|
|In-State Tuition and Fees||Above Average||Average||Above Average|
Discounted Tuition Available for In-State Students
U-M tuition and fees is lowered dramatically for residents of Michigan. For in-state students, tuition and fees is set at $16,540 for the 2019 - 2020 year, 68.8% off the price charged to out-of-state students. Tuition is $16,212 and fees $328.
U-M out-of-state students paid $52,997 in fees and tuition in 2019 - 2020. $328 was charged for fees, and $52,669 was charged for tuition.
The following table outlines the costs defined above for the 2019 - 2020 academic year.
See U-M cost per credit hour here.
Tuition and Fees Projection
University of Michigan - Ann Arbor tuition and fees for out-of-state students grew with an average yearly rate of 4.4% over the past 5 years. In the same time period, tuition grew by 4.5% and fees grew by 0.0%. Due to this, we estimate the cost of tuition and fees this year will total $55,355.
For a two-year degree, we estimate tuition and fees will be $113,174 and for a four year degree to be $236,645. This does not cover additional charges including room and board, books, and transportation.
The following chart shows projected future fees and tuition which includes residency based discounts for undergraduates at U-M.
Due to inflation and other variables, the price of college tends to grow every year. For this reason your final year of college could be much more expensive than your initial year.
Find some answers to the most frequently asked finance questions on college.
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