by our College Data Analytics TeamMany students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at University of Michigan-Flint can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financing solutions does UM Flint deliver, and just what are you going to be eligible for? Keep scrolling for answers. Read on to find out how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from University of Michigan-Flint.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at University of Michigan-Flint, 99% of new full-time first-years were awarded at least some aid approximately 481 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $12,591 |
| Institutional grants & scholarships | 97% | $6,018 |
| Federal Pell grants | 48% | $6,118 |
| State/local grants | 66% | $5,277 |
| Federal student loans | 39% | $4,869 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At UM Flint, roughly 70% of undergrads got grants or scholarships worth on average $9,845 (across roughly 3322 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 70% | $9,845 |
| Federal Pell grants | 39% | $5,860 |
| Federal student loans | 43% | $7,275 |
For students living on campus and receiving title-IV aid, grants averaged $13,908.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $6,700 |
| $30,001 – $75,000 | $9,792 |
| Over $75,000 | $17,557 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $7,007 |
| Off-campus title-IV students | $12,280 |
For a customized cost estimate, visit UM Flint’s official net price calculator: www.umflint.edu/NetPriceCalculator.html.
A typical borrower at UM Flint leaves with $18,494 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,494 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at UM Flint.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,422 |
| 25th percentile | $8,614 |
| 75th percentile | $31,000 |
| 90th percentile (highest-debt students) | $42,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $18,932 |
| Middle income | $17,500 |
| High income | $18,750 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,750 |
| Continuing-generation students | $17,688 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,022 |
| Independent students | $20,700 |
A handful of calculated indicators summarize the debt outlook at UM Flint.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at UM Flint:
| Metric | Value |
|---|---|
| Stafford loan recipients | 28282 |
| Total Stafford loan amount | $777,410,365 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 107 |
| Total GI Bill amount | $1,287,612 |
| Average GI Bill amount per recipient | $12,034 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 26 |
| Total DoD amount | $85,694 |
| Average DoD amount per recipient | $3,296 |
References
More about our data sources and methodologies.