Family Profiles

The family profiles shown here are based on actual student financial aid applicants. They do not address complex issues such as assets or family businesses. Your aid package is dependent on multiple factors, including application materials and supplemental documents, if required.

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.

U-M Net Price Calculator

If you are a dependent undergraduate or family member, we recommend that you calculate an estimate of the cost to attend the University of Michigan and the financial aid you may receive using our U-M Net Price Calculator. The calculator uses student and family income and other criteria to estimate how much a student would receive in gift aid (grants), federal Work-Study awards and eligibility for student loans. The calculator is available to anyone interested in estimating the cost of a U-M Education. If you are already interested in a particular area of study, the calculator will look at1 costs for specific programs as it considers your family financial information. You may create a College Board account to save your information for future reference or use the tool as a guest. Try the tool.

Resident (In-State) Family Profiles

Many students and families in Michigan and across the country are concerned about the rising cost of college. Before you make decisions about your future education, consider your options at the University of Michigan. The university is committed to meeting the demonstrated institutional financial need of all Michigan residents who meet all application deadlines and accept all aid offered.  Last year, U-M awarded more than $190 million in financial aid to resident undergraduate students.

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. More about University of Michigan’s commitment to affordability for resident students.

Family 1: HAIL Scholarship Helps Dreams Come True

In-State Family 1: HAIL Scholarship Helps Dreams Come True

Family 2: A Mix of Scholarships and Loans

Family 2: A Mix of Scholarships and Loans

Family 3: All Tuition Expenses Covered by Grants

Family 3: All Expenses Covered by Grants

Family 4: Gift Aid Helps When Two Are in College

Family 4: Gift Aid Helps When Two Are in College

Family 5: U-M Grant Covers Almost Half of Total Cost

Family 5: U-M Grant Covers Almost Half of Total Cost


Non-Resident (Out-Of-State) Family Profiles

While U-M does not have sufficient funds to meet the full demonstrated financial need of many non-resident students, private scholarships and scholarships from U-M schools and colleges may be available. Also consider the Direct PLUS Loan for parents of dependent undergraduates or private loans. Non-resident families need to plan to pay non-resident tuition for each year at U-M. Students often need to develop comprehensive financial strategies to cover the cost of a U-M education. Following are profiles of several families, representing the West Coast, East Coast and Midwest areas of the country, showing how each student's financial aid package was calculated. Remember that your situation will be different; we recommend you use the U-M Net Price Calculator for a more individualized approach to college planning.