How much will it really cost to attend U-M?
While we can provide general numbers and averages, these profiles reflecting the total costs for the 2023-24 school year illustrate how every family situation is unique when considering financial aid. Learn more about Estimating Costs.
The U-M Net Price Calculator offers an individualized estimate of your financial aid.
Family 1: A Mix of Scholarships and Loans
This entering first-year student is enrolled in the School of Music, Theatre & Dance. The student lives with their mother.
Lives In: Bay County, MI
Family Size: 2
Income: $79,900
Savings/Assets: $4,000
Financial Aid
Scholarship #1: $5,500
Scholarship #2: $8,000
Federal Pell Grand: $3,395
University of Michigan Grant: $15,737
Michigan Achievement Scholarship: $5,500
Total Aid: $38,132
Family 2: Tuition Covered by Go Blue Guarantee Grant
This third-year transfer student is studying Education.
Lives In: Michigan's Upper Peninsula
Family Size: 5
Income: $56,790
Savings/Assets: $3,500
Financial Aid
Federal Pell Grant: $7,395
Go Blue Guarantee Grant: $12,565
University of Michigan Grant: $16,696
Federal Work-Study: $2,500
Total Aid: $39,156
Family 3: Gift Aid Helps When Two Are in College
This second-year student is enrolled in the College of Engineering and has a younger sibling entering college this year.
Lives In: Ingham County, MI
Family Size: 4
Income: $119,830
Savings/Assets: $62,593
Financial Aid
University of Michigan Grant: $16,673
Michigan Achievement Scholarship: $5,500
Federal Work-Study: $1,222
Federal Direct Unsubsidized Loan*: $6,500
Total Aid: $29,895
*Loan assists with Student Aid Index.
Family 4: U-M Grant Leads the Way
This fourth-year student is pursuing a bachelor's degree in neuroscience and receives Post-9/11 GI Bill benefits that were transferred from a parent.
Lives In: Metro Detroit
Family Size: 3
Income: $138,960
Savings/Assets: $42,850
Financial Aid
University of Michigan Grant: $10,379
Federal Work-Study: $3,500
Federal Direct Subsidized Loan*: $4,424
Federal Direct Unsubsidized Loan*: $3,076
Private Educational Loan**: $17,777
Total Aid: $39,156
*Loan assists with Student Aid Index.
**The private educational loan is not included in the aid package total, but does contribute to covering the total cost if a family chooses to borrow the additional loans.
Veteran education benefits may be used to assist with paying education costs but are not part of the financial aid total.