Financial Aid at UM-Ann Arbor

Financial Aid Amount Received

$19,325 (34.92% of tuition)

Percent of Financial Aid Received

60% of 32,282 students

18,887 undergraduate students (60% of all students) have received grants, scholarships, and/or federal student loans at University of Michigan-Ann Arbor. The percentage of students who received financial aid average compared to Public, 4-Years Colleges in Michigan.

Compare to similar schools in rankings such as University of North Carolina at Chapel Hill and University of Virginia-Main Campus, the percentage of students who received financial aid is average (the average of the schools is 58.70%).

Undergraduate Financial Aid by Type

The average amount of grants of scholarship aid is $19,325 and the average loan amount is $6,219. The average financial aid amount is 34.92% of tuition & fees based on out-of-state rate (tuition & fees: $55,334).

	Number Receiving Aid	Percent Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
Grant or scholarship aid	18,887	60%	$364,982,046	$19,325
Pell Grants	5,703	18%	$29,124,293	$5,107
Federal Students Loans	8,339	27%	$51,862,366	$6,219

Undergraduate Student Financial Aid Comparison Chart

First-time (full-time) Undergraduate Students Financial Aid

For the full-time, first-time undergraduate students (freshmen, in most cases), 4,059 students have received one or more types of financial aid at University of Michigan-Ann Arbor.

The average amount of federal, state, local or institutional grant aid is $16,326 and the average amount of student loans awarded to full-time first-time undergraduate students is $7,993.

The following table shows the financial data by type of aid at University of Michigan-Ann Arbor.

First-time Undergraduate Financial Aid by Type

	Number Receiving Aid	Percent Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
Any Financial Aid	4,478	66%	-	-
Grant or scholarship aid	4,059	59%	$66,266,455	$16,326
Federal Grants	2,021	30%	$9,425,111	$4,664
Pell Grants	1,082	16%	$5,784,998	$5,347
Other Federal Grants	2,007	29%	$3,640,113	$1,814
State/Local Grants	756	11%	$778,541	$1,030
Institutional Grants	3,566	52%	$56,062,803	$15,721
Student Loans	1,691	25%	$13,516,570	$7,993
Federal Student Loans	1,638	24%	$8,699,675	$5,311
Other Student Loans	221	3%	$4,816,895	$21,796

Financial Aid by Income Level

The following table summarizes the number of schools receiving financial aid and its average amount by income levels at University of Michigan-Ann Arbor.

Income Level	# of Students	# of Students Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
All Income Level	-	-	$21,945,644	$14,214
0 - $30,000	264	264	$7,024,485	$26,608
$30,001 - $48,000	192	192	$4,684,033	$24,396
$48,001 - $75,000	249	240	$4,698,013	$18,868
$75,001 - $110,000	254	237	$3,139,970	$12,362
$110,001 - more	585	346	$2,399,143	$4,101

Paid Tuition Rates by Residency

At University of Michigan-Ann Arbor, for the first-time/full-time students, 3,519 students have paid in-state rate of tuition and 3,316 students have paid out-of-state tuition rate.

	# of Students
In-District Rate	0
In-State Rate	3,519
Out-of-State Rate	3,316
Un-known	0

Number of Students by Living Arrangement (Freshmen)

At University of Michigan-Ann Arbor, 1,911 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 27 students live off-campus. In addition, 49 students live with their family.