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Financial Aid

Financial aid is available to help eligible students and their families meet college costs. We encourage you to apply for aid if you believe you will need assistance in order to attend the University of Michigan. The University has a long-standing commitment to meeting the demonstrated financial need of eligible Michigan resident undergraduates. For students from outside the state of Michigan, other resources, such as private scholarships, and/or loan programs, may be necessary to supplement the financial aid available.

Types of Aid Available

A complete list of all federal, state, and institutional aid programs (grants, loans, scholarships, and Work-Study) available at the University of Michigan is online.

How to Apply for Aid

To be considered for all aid programs, entering freshmen must complete the following applications (use estimated tax information, if necessary).

  1. Complete the College Scholarship Service (CSS) Financial Aid PROFILE as soon as possible October 1 to be considered for need-based University grants and scholarships. Be sure to list CSS Code 1839 so that a record will be sent to the University of Michigan.
  2. Complete the Free Application for Federal Student Aid FAFSA as soon as possible after January 1 (and preferably by February 15) to be considered for need-based and non-need-based federal and state grants, scholarships, loans, and Work-Study. Be sure to list Federal School Code 002325 so that a record will be sent to the University of Michigan.

For need-based scholarship consideration, including the Michigan Competitive Scholarship, the Office of Financial Aid (OFA) must receive your FAFSA and PROFILE information by March 1. To be considered for all other aid programs, OFA must receive your FAFSA and PROFILE information by April 30.

Students admitted for winter term should see the Office of Financial Aid for aid application information.

Comparing Financial Aid Offers

For information about how to compare aid offers from the University of Michigan with offers from other schools, contact the Office of Financial Aid.

Need more information?

Contact the Office of Financial Aid for consumer information about the University (such as accreditation, services for students with disabilities, refund and repayment policies, and withdrawal procedures) and for information on:

  • Who is eligible to receive financial aid
  • How need-based aid recipients are determined and aid awarded
  • Financial aid for study abroad
  • Continued eligibility for aid
  • How satisfactory academic progress affects aid eligibility
  • Disbursement information (receiving your aid)
  • Terms and conditions of Work-Study employment
  • Terms and conditions of student loans (including repayment and cancellation/deferment information)

COSTS*

TUITION AND FEES

Resident (freshman/sophomore): $ 11,037
Non-Resident (freshman/sophomore): $ 33,069
Resident (junior/senior): $ 12,439
Non-Resident (junior/senior): $ 35,391

ROOM AND BOARD

Standard Double** $ 8,590

BOOKS/SUPPLIES

$ 1,048

PERSONAL/MISC.+

$ 2,054

* These costs are estimated for one academic year (fall-winter terms). These tuition costs reflect 2008–2009 fees. 2009–2010 tuition costs will be determined in July, 2008. Current full- and part-time tuition and fees for all U-M Schools/Colleges are available from the Office of the Registrar.
** There is no resident/non-resident distinction in the University’s housing fees. Fees vary based on room type assigned.
+ Includes transportation, clothing, laundry, entertainment, and other miscellaneous expenses

Office of Financial Aid
2011 Student Activities Building
515 East Jefferson Street
Ann Arbor, MI 48109-1316
Phone: 734.763.6600
Email: financial.aid@umich.edu