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U of M Tuition & Cost Guide


Cost to Attend

In State Michigan Resident Sticker Price
$28,776
In State Costs for University of Michigan Ann Arbor
Fee Cost
Tuition$14,074
Books and Supplies$1,048
Other Fees$328
Room and Board $10,872
Other Expenses Budget$2,454
Out of State Resident Sticker Price
$59,784
Out of State Costs for University of Michigan Ann Arbor
Fee Cost
Tuition$45,082
Books and Supplies$1,048
Other Fees$328
Room and Board $10,872
Other Expenses Budget$2,454

Residents of Michigan pay an annual total price of $28,776 to attend University of Michigan Ann Arbor on a full time basis. This fee is comprised of $14,074 for tuition, $10,872 room and board, $1,048 for books and supplies and $328 for other fees.

Out of state residents are charged a total cost of $59,784 which is 107.8% higher than Michigan residents. The tuition charge is $45,082 while room and board is $10,872, books and supplies are $1,048 and other fees come in at $328.

Net Price

Average Net Price '14/'15
$15,850
Net Price by Income University of Michigan Ann Arbor
Family Income Net Price Paid
$0 to $30,000$5,470
$30,001 to $48,000$7,735
$48,001 to $75,000$11,409
$75,001 to $110,000$18,251
$110,000+$23,327

The average reported annual net price for University of Michigan Ann Arbor for students receiving grants or scholarship aid was $15,850 in 2014/2015.

Financial Aid

Finanical Aid University of Michigan Ann Arbor
Type Avg./Student Students Receiving
Annual Total Grant Aid $13,983 49%
Pell Grant $4,244 14%
Federal Student Loan $4,645 32%

The average reported annual net price for University of Michigan Ann Arbor for students receiving grants or scholarship aid was $15,850 in 2014/2015.

Scholarships to Study in the U.S.

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to University of Michigan Ann Arbor, we've modeled a ten year student loan with an original principal value of $56,296. The loan balance of $56,296 is a four year multiple of the $14,074 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $588 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.7%.

Example Loan $56,296
Stafford Loan Interest Rate 4.7%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $587.79
Total Interest Paid $14,239.34
Sum of All Loan Payments $70,535.34

Projected 4 Year Degree Price

4 Year Sticker Price
$115,104
Year 1 Year 2 Year 3 Year 4
Michigan Residents $28,776 $29,532 $30,308 $31,104
Non Residents $59,784 $61,355 $62,966 $64,620

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at University of Michigan Ann Arbor to be $115,104 - assuming graduation in normal time. The estimation assumes a 2.6% annual increase over the next 4 years which has been the recent trend for this school.

Cost Credit Hour and Price per Class

Credit Hour and Class Costs at University of Michigan Ann Arbor
Price Per Credit 4 Credit Class 3 Credit Class
Michigan Residents $594 $1,782 $2,376
Out of State Residents $1,915 $5,745 $7,660

Estimated cost for a class at University of Michigan Ann Arbor based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at University of Michigan Ann Arbor versus other colleges.

Tuition Payment Plans Available

University of Michigan Ann Arbor Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=170976 IPEDS survey data for University of Michigan Ann Arbor.

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