Is U-M a Good School for the Money?
University of Michigan - Ann Arbor Value Report
College Factual's Best for the Money Rankings compare the quality of an U-M degree with its cost to determine if the school is asking a fair price. Read the U-M annual value report below.
Within Michigan, U-M is a Great Quality for a Great Price.
This makes it a great quality and a great value in the state.
Fair Value Nationwide
University of Michigan - Ann Arbor is ranked #689 out of 1,472 for value nationwide.
University of Michigan - Ann Arbor provides the kind of quality education we anticipated when compared to other colleges at the same price point. Based on this information we believe it is priced fairly for the type of education provided.
Prices of Institutions with Similar Quality Scores
|School||Total Price||Value Grade|
|Union College New York||$206,441||C+|
|University of Virginia - Main Campus||$211,997||C+|
|University of Michigan - Ann Arbor||$215,904||C|
|University of Southern California||$226,981||C|
|Wake Forest University||$230,753||C|
|Carnegie Mellon University||$238,042||C|
*Total price is determined by multiplying average annual cost by time to graduate.
We're Looking at a Total Cost of $215,904 for an U-M Degree
The U-M time to graduate is about 4.16 years and will cost an estimated $51,900 per year. This brings the total cost to 215,904.
|Average Yearly Cost||$51,900|
|Average Years to Graduate||4.16|
|Estimated Avg Total Cost of Degree||$215,904|
Many Factors Affect Net Price
Depending on your personal circumstances, your net price may be well below the average U-M net price, which could make this school a better value. You may quality for more financial aid, or be able to complete your degree faster than average. Get more details on U-M cost.
Does This School Make Financial Sense To You?
The net price YOU pay may be very different than the typical net price.
Look at the table below to get a sense of how U-M value for your educational dollar might vary.
|Nationwide Value by Aid Group||Avg Degree Cost||Value Rank||Value Grade|
|Students with no Aid||$257,758||#409||B|
|Only Students Receiving Aid||$175,689||#643||C+|
|In-State Value by Aid Group||Avg Degree Cost||Value Rank||Value Grade|
|Students with no Aid||$133,278||#1||A+|
|Only Students Receiving Aid||$51,210||#1||A+|
Note: the Value Grade for in-state students is calculated by looking only at other schools in the state of Michigan.
About 63% of U-M students receive financial aid. Get more details on what U-M financial aid you may qualify for.
How to Calculate Value
College Factual calculates value by calculating average U-M cost multiplied by time to graduate, and then compares that number to other schools of a similar quality ranking. If the school is priced fairly based on the educational quality it receives a fair ranking. If it is underpriced it receives a good or excellent value.
Read the full Best for the Money Ranking Methodology.
College Factual's Best for the Money Ranking Methodology.
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