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 Dental (D.D.S.) Students
 
The University of Michigan School of Dentistry is committed to helping each admitted student pursue the goal of achieving an education in the dental profession. Financial aid is offered through federal loans and other programs that assist students in financing their dental education. Funds are allocated to students based on their need for assistance and based on current federal, state, University, and School of Dentistry policies and guidelines for financial aid programs.
 
The information on this page is for students in the D.D.S. program. Graduate students in other dental programs should see the general information for Graduate Students. Undergraduates entering the Dental Hygiene program should see the general information for New & Prospective Undergraduates.

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FINANCIAL AID GUIDES

The guides below should answer all or most of your questions about financial aid at the University of Michigan. If you don't find what you're looking for here, please contact us.

Dental Required Reading 

 

Dental Required Reading 2014-2015

The primary reference and resource for D.D.S. students awarded financial aid at U-M

A Guide to Financial Aid
for Prospective Students

A comprehensive guide for all prospective graduate dental school students

Find out about Dental School Scholarships
 
ESTIMATED COST OF ATTENDANCE FOR D.D.S. STUDENTS
 
•  SPRING/SUMMER and FALL/WINTER 2014-2015 COST OF ATTENDANCE
 
IN-STATE (Michigan Residents)
  Tuition & Fees Books/Lab (other) Instruments (other) Living Costs Total Budget
D1* $29,398 $4,279 $3,396 $25,220 $62,293
D2** $35,274 $4,151 $2,996 $30,330 $72,751
D3** $35,274  $2,315 $2,996 $30,330 $70,915
D4** $35,274 $4,757 $2,996 $30,330 $73,357
 
OUT-OF-STATE (Non-Residents)
  Tuition & Fees Books/Lab (other) Instruments (other) Living Costs Total Budget
D1* $45,784 $4,279 $3,396 $25,220 $78,679
D2** $54,939 $4,151 $2,996 $30,330 $92,416
D3** $54,939 $2,315 $2,996 $30,330 $90,580
D4** $54,939 $4,757 $2,996 $30,330 $93,022
 *10-month budget.
**12-month budget due to revised curriculum. 
 
The tuition and fees cited here are actual costs based on tuition rates approved by the University of Michigan Regents in June 2013. Tuition and fees are set by the Regents each June. Full- and part-time tuition and fees for all U-M Schools and Colleges are available from the Office of the Registrar.  
D1 Instruments Fee includes a $400 deposit.
Living Costs represent housing costs and personal/miscellaneous expenses:
  • Housing Costs include room and board (rent, security deposit, utilities, groceries, and restaurant/carry-out expenses). 
  • Personal & Miscellaneous expenses allow about $112 a week for items such as long distance phone calls, extracurricular activities, personal hygiene items, etc. This also includes $3,284 for the purchase of student health insurance.
Budgets will be increased by the amount of loan fees deducted from your federal Direct Loans.
 
 
MAJOR FINANCIAL AID PROGRAMS FOR DENTAL STUDENTS
FEDERAL PERKINS LOAN

DESCRIPTION

  • Federally funded; supplemented by U-M funds
  • 5% fixed interest

ELIGIBILITY

  • Need-based: Eligibility based on student's Expected Family Contribution (EFC); allowable EFC is determined by federal funding levels
  • Student must be enrolled at least half-time in a degree program and must meet financial aid priority application deadline  

TERMS

DENTAL HEALTH PROFESSIONS LOAN

DESCRIPTION

  • Federally funded
  • 5% fixed interest

ELIGIBILITY

  • Need-based (parental financial information required)
  • Student must be enrolled at least half-time in the Dental program and meet the financial aid priority application deadline

TERMS

  • Repayment is deferred, no interest while student is enrolled at least half-time
  • Twelve-month grace period before repayment begins
  • Minimum monthly repayment: $40
  • Special deferment provisions for volunteer service, etc.); see the U.S. Dept. of Education's Student Guide
  • Students must review the Health Professions Loan Rights and Responsibilities on Wolverine Access each year before disbursement
  • Students who have not previously signed a master promissory note must do so on Wolverine Access. You must also complete a Rights and Responsibilities Statement each year before disbursement 

More information from the U.S. Department of Education

FEDERAL DIRECT STAFFORD LOAN, UNSUBSIDIZED

DESCRIPTION

  • Federally funded
  • 5.41% variable-fixed interest rate
  • See borrowing maximums below

ELIGIBILITY

  • Non-need-based
  • Enrolled at least half-time in a degree program

TERMS

  • Students accepting Direct Loan funds for the first time must complete an online Direct Loan Master Promissory Note before receiving their loan funds
  • Interest begins accruing immediately; it may be paid periodically or capitalized (see promissory note)
  • Repayment of principal is deferred while the student is enrolled at least half-time
  • Limited deferment provisions; see the U.S. Dept. of Education's Student Guide and the U.S. Dept. of Education website (for information specifically for teachers)
  • 1.072% origination fee

BORROWING MAXIMUMS

Combined borrowing maximums for Subsidized and Unsubsidized Direct Loans is $40,500/year. Cumulative loan debt is $224,000 (only $65,500 of this can be Subsidized Loan). These maximums include Direct Loans you received as an undergraduate.

More information from the U.S. Department of Education

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FEDERAL PLUS LOAN FOR GRADUATE STUDENTS

DESCRIPTION

  • Federally funded
  • 6.41% variable-fixed interest rate

ELIGIBILITY

  • Non-need-based (may borrow the cost of attendance minus other aid)
  • Enrolled at least half-time in degree program
  • Borrower cannot be 90 days or more delinquent on the repayment of any debt or the subject of a default determination, bankruptcy discharge, foreclosure, repossession, tax lein, wage garnishment, or write-off of a Title IV debt during the last five years

TERMS 

  • Borrower must complete the Free Application for Federal Student Aid (FAFSA) to apply
  • Repayment of principal and interest begins 60 days after loan disbursed; however, payments can be deferred while borrower is enrolled at least half-time. Interest begins accruing immediately
  • 4.288% origination fee

More information from the U.S. Department of Education

WORK-STUDY

Federal Work-Study awards are offered to An extremely small number of D.D.S. students each year. Because it is very difficult for D.D.S. students to work while completing their studies, prior approval must be given. Awards are earned by working for eligible employers on- and off-campus.  Awards are need-based and students must be enrolled full-time in a degree program.  Restrictions apply and very limited funding is available.

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HOW TO APPLY FOR FINANCIAL AID

Eligibility:  Students must be U.S. citizens or eligible non-citizens as defined by the U.S. Department of Education and must be enrolled in a program leading to a degree in order to qualify for all aid programs. You must be a U.S. citizen or permanent resident to apply for federal aid.

To be considered for all financial aid programs, including grants and the Health Professions Loan:

Complete the FAFSA on the web at www.fafsa.gov by March 24, 2014: 

  • Include both your parents' and your own data on the FAFSA.
  • The University of Michigan's federal school code is 002325. 

Complete and submit the following documents to Mary Gaynor by April 18, 2014: 

  • U-M School of Dentistry Applicant Data Form
  • Your 2013 Federal Income Tax Form
  • Your Parents' 2013 Federal Income Tax Form (Please put your name on the corner of the return so it can be matched with your file.)
  • If you are not required to file a 2013 Federal Income Tax Return you must file a Non-Filing Statement. (Complete this form only if you and/or your parents will not file a 2013 Federal Income Tax Return.)

You can bring the above documents to Mary Gaynor at the School of Dentistry (address below) or:

  • Leave them in the drop box outside of Room G226 at the School of Dentistry;
  • Fax them to Mary Gaynor at (734) 764-1922; or
  • Mail them to the address below.

Questions?

This information and more is covered in A Guide to Financial Aid for Prospective Students

 

WHAT HAPPENS AFTER YOU APPLY

We will review your file after receiving your FAFSA data and other documents from you. Email notification will begin in April. You will receive an e-mail message indicating that an electronic award letter is available on Wolverine Access for you to view/print.

We assume that students will accept all awarded financial aid. If you wish to reduce or decline any awarded loans, please contact Mary Gaynor by e-mail at mgaynor@umich.edu or by phone at (734) 763-4119. If this is the first time you have received a federal direct loan, we will also provide you with information on how to complete the electronic master promissory note(s).

Upon reviewing your award letter, if you think you will need additional financial resources to meet your educational budget, please refer to our information about the federal Grad Plus loan. Your loan eligibility would be the difference between the educational budget and the amount of financial aid listed on your award letter.

When D.D.S. students are awarded financial aid, it is assumed that they will read and understand their rights and responsibilities, as specified in Dental Required Reading Dental Required Reading

 

RECEIVING YOUR FINANCIAL AID

Your financial aid will be paid by term of enrollment. Financial aid is applied to the charges on your student account. Any remaining funds will be sent as a refund to you by the first day of classes, so you will have the funds to purchase books and pay for your living expenses.
 
You may have your refund directly deposited to your bank account. To arrange this, go to Wolverine Access and select direct deposit under the Payroll tab. Otherwise, a check will be sent to your local address on record with the university. If there is no local address recorded, the check will be sent to your permanent address.  Address updates can only be made by students via Wolverine Access. 

HOW TO CONTACT US

For additional information about financial aid for D.D.S. students, contact:
  
Mary Gaynor
Assistant Director of Financial Aid, D.D.S. Program
School of Dentistry
University of Michigan
1011 N. University
Ann Arbor, MI  48109-1078
Phone: (734) 763-4119
Fax: (734) 764-1922
E-mail: mgaynor@umich.edu 

Office Hours at the School of Dentistry, Room G226: 11 a.m. - 1 p.m. Monday-Friday.  
For information about the Dentistry programs at U-M, visit the School of Dentistry website.

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Office of Financial Aid * 2500 Student Activities Building, 515 E. Jefferson, Ann Arbor, MI 48109-1316 * Tel 734-763-6600 * Fax 734-647-3081 * financial.aid@umich.edu
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