Dental D.D.S Students

The guide below should answer all or most of your questions about financial aid at U-M. If you need help, please contact us.

Dental Required Reading
The primary reference D.D.S. students awarded financial aid at U-M.

Michigan Resident

Non-resident

Notes: 10-month budget (D1). All others (D2-D4) based on an 12-month budget.

¹ Tuition and fees are set by the Regents of the University of Michigan each June. Current tuition and fees are available from the Office of the Registrar’s website.

² Includes a $400 deposit for D1 only.

³ See page 6 of Dental Required Reading for more details. Includes housing & meals, personal/miscellaneous expenses and purchase of health insurance.

⁴ Cost of attendance budgets will be increased by the amount of loan fees deducted from your Federal Direct Loans.

Dental Health Professions Loan

• Federally funded
• 5% fixed interest

Eligibility

• Need-based (parental financial information required)
• Student must be enrolled at least half-time in the Dental program and meet the financial aid priority application deadline

Terms

• Repayment is deferred, no interest while student is enrolled at least half-time
• Twelve-month grace period before repayment begins
• Minimum monthly repayment: $40
• Special deferment provisions for volunteer service,  see the U.S. Dept. of Education website
• Students must review the Health Professions Loan Rights and Responsibilities on Wolverine Access each year before disbursement
• Students who have not previously signed a master promissory note must do so on Wolverine Access. You must also complete a Rights and Responsibilities Statement each year before disbursement

More information from the U.S. Department of Education

• Federally funded
• 2.75% (undergraduate) or 4.30% (graduate/professional) variable-fixed interest rate (effective July 1, 2020)
• See borrowing maximums below

Eligibility

• Non-need-based
• Enrolled at least half-time in a degree program

Terms

• Students accepting Direct Loan funds for the first time must complete an online Direct Loan Master Promissory Note before receiving their loan funds
• Interest begins accruing immediately; it may be paid periodically or capitalized (see promissory note)
• Repayment of principal is deferred while the student is enrolled at least half-time
• Limited deferment provisions; see the U.S. Dept. of Education's Student Guide and the U.S. Dept. of Education website (for information specifically for teachers)
• 1.059% origination fee for loans originated on or after Oct. 1, 2019 (1.057% origination fee for loans originated on or after Oct. 1, 2020)
• First-year students who are first-time borrowers must complete online Direct Loan Entrance Counseling.

Borrowing Maximums

Combined borrowing maximums for Subsidized and Unsubsidized Direct Loans is $20,250 per term. Cumulative loan debt is $224,000 (This includes Direct Loans you received as an undergraduate). Be aware of these maximums as they may affect your eligibility for loans later in your Dental program.

More information from the U.S. Department of Education

• Federally funded
• 5.3% variable-fixed interest rate (effective July 1, 2020)

Eligibility

• Non-need-based (may borrow the cost of attendance minus other aid)
• Enrolled at least half-time in degree program
• Borrower cannot be 90 days or more delinquent on the repayment of any debt or the subject of a default determination, bankruptcy discharge, foreclosure, repossession, tax lein, wage garnishment, or write-off of a Title IV debt during the last five years

Terms

• Borrower must complete the Free Application for Federal Student Aid (FAFSA) to apply
• Loan is deferred while you are enrolled at least half-time and for an additional six months after you are no longer enrolled at least half-time. Interest accrues during deferment; you may pay accrued interest or allow it to capitalize when deferment ends
• PLUS loans may be consolidated with other Direct Loans
• 4.236% origination fee for loans disbursed on or after Oct. 1, 2019 (Changes to 4.228 Oct. 1, 2020)

More information from the U.S. Department of Education

Federal Work-Study is not offered to D.D.S. students. Special exceptions can be made with approval from the Dean. Funding is need-based and are earned by working for eligible employers on- and off-campus. Students must be enrolled full-time in a degree program. Restrictions apply and limited funding is available.

Eligibility: Students must be U.S. citizens or eligible non-citizens as defined by the U.S. Department of Education and must be enrolled in a program leading to a degree in order to qualify for all aid programs. You must be a U.S. citizen or permanent resident to apply for federal aid. To be considered for all financial aid programs (including grants and the Health Professions Loan) follow these steps and note the deadlines below:

1. Complete the FAFSA on the web
   • Include both your parents' and your own data on the FAFSA.
   • The University of Michigan's federal school code is 002325.
2. Complete and submit the following additional documents (links will be available below when the forms become available) if requested by our office:
   • Federal Tax Returns for you and your parents (Please add your name to the corner of the return so it can be matched with your file.)
   • If you are not required to file a Federal Income Tax Return we will need a Non-Filing Statement. (Complete this form only if you and/or your parents will not file a Federal Income Tax Return.)
   • U-M School of Dentistry Applicant Data Form

How to send these additional documents:

• Deliver or mail them to John Mank at the School of Dentistry (address below)
• Leave them in the drop box outside of Room G226 at the School of Dentistry
• Fax them to John Mank at (734) 764-1922

Deadlines for Entering Students:

• May 6: Deadline for U-M receiving your FAFSA from the federal processor
• May 20: Deadline for U-M receiving any additional, required documents

Deadlines for Continuing Students:

• March 31: Deadline for U-M receiving your FAFSA from the federal processor
• April 12: Deadline for U-M receiving any additional, required documents

We will review your file after receiving your FAFSA data and other documents. Email notification will begin in April. You will receive an e-mail message indicating that an electronic award letter is available on Wolverine Access for you to view/print. We assume that students will accept all awarded financial aid. If you wish to reduce or decline any loans, contact John Mank by email at johnhm@umich.edu or call 734-763-4119. If this is the first time you have received a federal direct loan at U-M, you will receive information about how to complete an electronic master promissory note(s). If you need additional financial resources, please refer to our information about the federal Grad PLUS loan. Your loan eligibility would be the difference between the educational budget and the amount of financial aid listed on your Award Notice. 

Your financial aid will be paid by enrollment term. Financial aid is applied to charges on your student account and you will receive a refund of remaining funds by the first day of classes, so you will have money to purchase books and pay living expenses.  You may have your refund directly deposited to your bank account (visit Wolverine Access and select direct deposit). Otherwise, a check will be sent to your local address on record with the University. If no local address is recorded, the check will be sent to your permanent address.  Update your address information via Wolverine Access.

For additional information about financial aid for D.D.S. students, contact:

University of Michigan School of Dentistry
1011 N. University
Ann Arbor, MI  48109-1078
Phone: 734-763-4119
Email: dds.finaid@umich.edu.

For information about the Dentistry programs at U-M, visit the School of Dentistry website.