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U of M Tuition & Cost Guide


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Cost to Attend

In State

$27,812

Michigan Residents

  • Tuition: $13,528
  • Books and Supplies: $1,048
  • Other Fees: $328
  • Room and Board: $10,554

Out of State

$57,432

Non Residents

  • Tuition: $43,148
  • Books and Supplies: $1,048
  • Other Fees: $328
  • Room and Board: $10,554

*All tuition data is sourced from the 2015/2016 U.S. Department of Education National Center for Education Statistics survey.

Annual Prices

Residents of Michigan pay an annual total price of $27,812 to attend University of Michigan Ann Arbor on a full time basis. This fee is comprised of $13,528 for tuition, $10,554 room and board, $1,048 for books and supplies and $328 for other fees.

Out of state residents are charged a total cost of $57,432 which is 106.5% higher than Michigan residents. The tuition charge is $43,148 while room and board is $10,554, books and supplies are $1,048 and other fees come in at $328.



Financial Aid and Student Loans - What does it really cost to attend?

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.

Aid Amount Percent Receiving Aid
Average Annual Total Grant Aid $13,983 49%
Average Pell Grant $4,244 14%
Average Annual Federal Student Loan $4,645 32%

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

Based on published tuition prices, we estimate the current published cost of a 4 year bachelor's degree at University of Michigan Ann Arbor to be $111,248 - assuming graduation in normal time. Our estimation assumes a 2.2% annual increase over the next 4 years which has been the recent trend for this school.

Year 1 Year 2 Year 3 Year 4
Michigan Residents $27,812 $28,420 $29,042 $29,677
Non Residents $57,432 $58,688 $59,971 $61,282

Per Credit Hour and Per Class Prices

We estimate the cost for a class at University of Michigan Ann Arbor as follows 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.

Cost Per Credit Hour Cost Per Class (3 credit hr) Cost Per Class (4 credit hr)
Michigan Residents $570 $1,710 $2,280
Out of State Residents $1,831 $5,493 $7,324

Historical Tuition Prices

The cost to attend college is continually rising. The table below will provide perspective as to the historical tuition increases reported for University of Michigan Ann Arbor and what it has cost to attend in past years.

Michigan Resident Out of State Annual Percent Change
2010 $11,659 $34,937 5.6%
2009 $11,037 $33,069 5.6%
2008 $10,447 $29,131 7.4%
2007 $9,723 $29,131 5.5%
2006 $9,213 $27,601 12.3%
2005 $8,201 $26,027 2.8%
2004 $7,975 $24,777 6.5%
2003 $7,485 $23,365 7.9%
2002 $6,935 $21,645 6.5%
2001 $6,513 $20,323 2.8%
2000 $6,333 $19,761 3.9%
1999 $6,098 $19,156 3.7%
1998 $5,878 $18,444 2.9%
1997 $5,710 $17,916 -2.3%
1996 $5,842 $17,671 6.8%
1995 $5,472 $16,470 6.9%
1994 $5,119 $15,681 11.7%
1993 $4,583 $14,570 13.3%
1992 $4,044 $13,420 9.7%
1991 $3,688 $12,446 6.5%
1990 $3,462 $11,416 9.2%
1989 $3,170 $10,386 12.1%
1988 $2,828 $8,960 6.2%
1987 $2,662 $8,396 0%

Tuition Payments

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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