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 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.

$35,450
Estimated Cost of Attendance
$35,226
Financial Aid Package if Using All Aid Offered
Total Cost:
$224

Family 2: Tuition Covered by Go Blue Guarantee Grant

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.

$36,640
Estimated Cost of Attendance
$32,866
Financial Aid Package if Using All Aid Offered
Total Cost:
$3,774

Family 3: Gift Aid Helps When Two Are in College

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.

$37,612
Estimated Cost of Attendance
$27,220
Financial Aid Package if Using All Aid Offered
Total Cost:
$10,392

Family 4: U-M Grant Leads the Way

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.

$35,450
Estimated Cost of Attendance
$35,656
Financial Aid Package if Using All Aid Offered
Total Cost**:
$0