Financial Aid at UM-Ann Arbor
Financial Aid Amount Received
$16,599 (28.58% of tuition)
Percent of Financial Aid Received
70% of 32,695 students
22,636 undergraduate students (70% 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.
Compared to similar schools in rankings such as The University of Texas at Austin and University of Virginia-Main Campus, the percentage of students who received financial aid is higher (the average of the schools is 62.20%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $16,599 and the average loan amount is $6,360. The average financial aid amount is 28.58% of tuition & fees based on out-of-state rate (tuition & fees: $58,072).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 22,636 | 70% | $375,725,800 | $16,599 |
| Pell Grants | 5,697 | 18% | $29,653,790 | $5,205 |
| Federal Students Loans | 8,288 | 26% | $52,710,041 | $6,360 |
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), 4,824 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 $15,121 and the average amount of student loans awarded to full-time first-time undergraduate students is $8,470.
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 | 5,098 | 70% | - | - |
| Grant or scholarship aid | 4,824 | 67% | $72,944,751 | $15,121 |
| Federal Grants | 3,346 | 46% | $12,303,940 | $3,677 |
| Pell Grants | 1,189 | 16% | $6,376,152 | $5,363 |
| Other Federal Grants | 3,036 | 42% | $5,927,788 | $1,952 |
| State/Local Grants | 625 | 9% | $627,008 | $1,003 |
| Institutional Grants | 3,492 | 48% | $60,013,803 | $17,186 |
| Student Loans | 1,793 | 25% | $15,185,923 | $8,470 |
| Federal Student Loans | 1,745 | 24% | $9,227,518 | $5,288 |
| Other Student Loans | 253 | 3% | $5,958,405 | $23,551 |
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 | - | - | $23,250,538 | $15,347 |
| 0 - $30,000 | 284 | 284 | $7,504,926 | $26,426 |
| $30,001 - $48,000 | 216 | 214 | $5,348,883 | $24,763 |
| $48,001 - $75,000 | 242 | 241 | $4,965,471 | $20,518 |
| $75,001 - $110,000 | 204 | 192 | $2,911,902 | $14,274 |
| $110,001 - more | 569 | 355 | $2,519,356 | $4,428 |
Paid Tuition Rates by Residency
At University of Michigan-Ann Arbor, for the first-time/full-time students, 3,615 students have paid in-state rate of tuition and 3,636 students have paid out-of-state tuition rate.
| # of Students | |
|---|---|
| In-District Rate | 0 |
| In-State Rate | 3,615 |
| Out-of-State Rate | 3,636 |
| Un-known | 0 |
Number of Students by Living Arrangement (Freshmen)
At University of Michigan-Ann Arbor, 2,039 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 47 students live off-campus. In addition, 38 students live with their family.
| # of Students | |
|---|---|
| Living On-Campus | 2,039 |
| Living Off-Campus | 47 |
| Living with Family | 38 |
| Un-known | 189 |