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 27.62% of tuition & fees based on out-of-state rate (tuition & fees: $60,107).
Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Grant or scholarship aid22,636 70%$375,725,800$16,599
Pell Grants5,697 18%$29,653,790$5,205
Federal Students Loans8,288 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 AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid5,09870%--
Grant or scholarship aid4,824 67%$72,944,751$15,121
Federal Grants3,346 46%$12,303,940$3,677
Pell Grants1,189 16%$6,376,152$5,363
Other Federal Grants3,036 42%$5,927,788$1,952
State/Local Grants625 9%$627,008$1,003
Institutional Grants3,492 48%$60,013,803$17,186
Student Loans1,793 25%$15,185,923$8,470
Federal Student Loans1,745 24%$9,227,518$5,288
Other Student Loans253 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 AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
All Income Level--$23,250,538$15,347
0 - $30,000284 284$7,504,926$26,426
$30,001 - $48,000216 214$5,348,883$24,763
$48,001 - $75,000242 241$4,965,471$20,518
$75,001 - $110,000204 192$2,911,902$14,274
$110,001 - more569 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 Rate0
In-State Rate3,615
Out-of-State Rate3,636
Un-known0

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-Campus2,039
Living Off-Campus47
Living with Family38
Un-known189