U-M Financial Aid Facts

Information about U-M financial aid is available from a variety of sources within and outside of the university. Information about the current academic and financial aid year is compiled when all four terms of the academic year (Fall, Winter, Spring and Summer) are completed.

TOTAL AID AWARDED IN 2015-2016

The Office of Financial Aid compiles information about the total aid awarded and paid from federal, state, institutional, and departmental sources to students of all academic levels. Data for 2015-2016 (the most recent year for reported data):

Total aid awarded: $933,537,805 to 31,153 students

  • to undergraduates: $367,551,840 to 17,780 students
  • to graduate students: $565,985,965 to 13,373 students

TUITION, COSTS, AFFORDABILITY & FINANCIAL AID

U-M's Commitment to Resident Students

The Office of  Undergraduate Admissions shares information about the University's commitment to meet 100 percent of demonstrated financial need for resident students:

The Michigan Almanac

The U-M Office of Budget and Planning maintains The Michigan Almanac with up-to-date University data. Chapter 3 offers data about undergraduate costs and financial aid as well as affordability reports. 

Cost Cutting, Budget & Tuition Update

This U-M Office of Public Affairs website offers general budget information about the university and links to financial reports and other budget news. The Office of Public Affairs also provides background about key issues of interest to the university community, the general public and the media including information about financial aid. View that information here. A Public Affairs Tuition page answers variety of questions related to tuition, the university’s budget, and student financial aid. 

FEDERALLY REPORTED DATA ON FINANCIAL AID AT U-M
To view the most recent published data on financial aid distribution to U-M students, see the U.S. Dept. of Education's IPEDS Data Center.  To compare U-M with other colleges and universities, visit the College Navigator at the U.S. Department of Education’s Integrated Postsecondary Education Data System website.

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