Financial Aid at UM-Ann Arbor
Financial Aid Amount Received
$24,478 (40.72% of tuition)
Percent of Financial Aid Received
52% of 32,695 students
16,891 undergraduate students (52% 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 higher 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 average (the average of the schools is 55.80%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $24,478 and the average loan amount is $5,694. The average financial aid amount is 40.72% of tuition & fees based on out-of-state rate (tuition & fees: $60,107).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 16,891 | 52% | $413,462,904 | $24,478 |
| Pell Grants | 5,744 | 18% | $32,062,344 | $5,582 |
| Federal Students Loans | 6,870 | 21% | $39,118,997 | $5,694 |
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), 3,850 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 $22,005 and the average amount of student loans awarded to full-time first-time undergraduate students is $9,814.
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 | 4,292 | 61% | - | - |
| Grant or scholarship aid | 3,850 | 55% | $84,718,295 | $22,005 |
| Federal Grants | 1,269 | 18% | $8,144,459 | $6,418 |
| Pell Grants | 1,262 | 18% | $7,225,459 | $5,725 |
| Other Federal Grants | 594 | 8% | $919,000 | $1,547 |
| State/Local Grants | 683 | 10% | $1,033,694 | $1,513 |
| Institutional Grants | 3,768 | 54% | $75,540,142 | $20,048 |
| Student Loans | 1,687 | 24% | $16,556,667 | $9,814 |
| Federal Student Loans | 1,602 | 23% | $7,990,516 | $4,988 |
| Other Student Loans | 325 | 5% | $8,566,151 | $26,357 |
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 | - | - | $27,048,096 | $18,513 |
| 0 - $30,000 | 294 | 294 | $8,355,091 | $28,419 |
| $30,001 - $48,000 | 203 | 202 | $5,675,141 | $27,956 |
| $48,001 - $75,000 | 248 | 246 | $6,098,019 | $24,589 |
| $75,001 - $110,000 | 207 | 201 | $3,581,755 | $17,303 |
| $110,001 - more | 509 | 356 | $3,338,090 | $6,558 |
Paid Tuition Rates by Residency
At University of Michigan-Ann Arbor, for the first-time/full-time students, 3,648 students have paid in-state rate of tuition and 3,376 students have paid out-of-state tuition rate.
| # of Students | |
|---|---|
| In-District Rate | 0 |
| In-State Rate | 3,648 |
| Out-of-State Rate | 3,376 |
| Un-known | 0 |
Number of Students by Living Arrangement (Freshmen)
At University of Michigan-Ann Arbor, 2,205 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 48 students live off-campus. In addition, 53 students live with their family.
| # of Students | |
|---|---|
| Living On-Campus | 2,205 |
| Living Off-Campus | 48 |
| Living with Family | 53 |
| Un-known | 200 |