Family Profiles

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.
This entering student is enrolled in the School of Nursing. The student lives with their mother.
Lives In: Bay County, MI
Household Size: 2
Income: $79,900
Savings/Assets: $49,000
Financial Aid
Scholarship #1: $5,500
Scholarship #2: $8,000
University of Michigan Grant: $10,726
Michigan Achievement Scholarship: $5,500
Federal Direct Unsubsidized Loan*: $5,500
Total Aid: $35,226
*Loan assists with Student Aid Index.
This sophomore transfer student is studying Engineering.
Lives In: Michigan's Upper Peninsula
Household Size: 5
Income: $62,380
Savings/Assets: $3,500
Financial Aid
Federal Pell Grant: $1,645
Go Blue Guarantee Grant: $16,773
University of Michigan Grant: $4,848
Federal Work-Study: $3,100
Federal Direct Subsidized Loan*: $4,550
Federal Direct Unsubsidized Loan*: $1,950
Total Aid: $32,866
*Loan assists with Student Aid Index.
This junior student is enrolled in the School of Information and has a younger sibling entering college this year.
Lives In: Ingham County, MI
Household Size: 4
Income: $119,830
Savings/Assets: $59,000
Financial Aid
Private Scholarship: $5,000
University of Michigan Grant: $10,120
Michigan Achievement Scholarship: $1,500
Federal Work-Study: $3,100
Federal Direct Subsidized Loan*: $522
Federal Direct Unsubsidized Loan*: $6,978
Total Aid: $27,220
*Loan assists with Student Aid Index.
This sophomore 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
Household Size: 5
Income: $114,297
Savings/Assets: $42,850
Financial Aid
University of Michigan Grant: $10,120
Michigan Achievement Scholarship: $1,500
Federal Work-Study: $3,100
Federal Direct Subsidized Loan*: $3,360
Federal Direct Unsubsidized Loan*: $3,140
Private Educational Load**: $14,230
Total Aid: $21,220
*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.