Every family situation is different. You may receive more or less aid than shown in these examples.
We recommend that you use the U-M Net Price Calculator for an individual estimate.
Some definitions and types of financial aid to consider as you view this information or use the U-M Net Price Calculator:
- Grants: Gift funds, based on need, that do not have to be repaid.
- Scholarships: Gift funds that do not have to be repaid. Some are based on need and some on merit or other criteria as determined by the donor. Scholarship awards are not included in these sample packages.
- Work-Study: Wages earned through employment. Students work part-time for eligible employers and earn up the amount awarded.
- Loans: Funds that must be repaid with interest after you are no longer a student (either graduated or dropping below half-time).
- Expected Family Contribution (EFC): This is the amount a family is expected to pay based on analysis of a family's income, assets and other variables. This cost can by covered by parent assets, federal PLUS loans, private loans or other types of assistance. We use information from both parents, regardless of marital status, when considering eligibility for U-M grants.
How much will it cost to attend U-M? While we can provide general numbers and averages, these profiles reflect how every family situation is unique when considering financial aid. In addition to the aid noted here, many U-M students also receive scholarships from private donors or U-M schools and colleges, which improves the quality of their aid packages by reducing the need to borrow or to work. For more about the University of Michigan’s commitment to affordability for resident students, visit admissions.umich.edu/affordability.
Family 1: GENEROUS U-M GIFT AID
Family 2: MAKING DREAMS COME TRUE
Family 3: GRANTS PAY FOR 70% OF TOTAL EDUCATION
Family 4: LOOKING TO THE FUTURE
Family 5: GIFT AID HELPS WHEN 2 ARE IN COLLEGE
Family 1: 3 ATTENDING COLLEGE, ALL COSTS PAID
Family 2: 79% OF COSTS COVERED BY GRANT
Family 3: SCHOLARSHIPS AND GRANTS PAY 64% OF TOTAL COSTS