• 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.
| COST OF ATTENDANCE FOR D.D.S. STUDENTS |
• FALL/WINTER AND SPRING/SUMMER 2012-2013 ESTIMATED COST OF ATTENDANCE
IN-STATE (Michigan Residents)
| |
Tuition & Fees |
Book & Lab Fees |
Instruments |
Living Expenses |
Total Budget |
| D1* |
$28,632 |
$3,560 |
$3,530 |
$24,548 |
$60,270 |
| D2** |
$34,198 |
$3,928 |
$3,130 |
$29,277 |
$70,533 |
| D3** |
$33,060 |
$2,454 |
$3,130 |
$29,277 |
$67,921 |
| D4** |
$33,060 |
$5,046 |
$3,130 |
$29,278 |
$70,514 |
OUT-OF-STATE (Non-Residents)
| |
Tuition & Fees |
Book & Lab Fees |
Instruments |
Living Expenses |
Total Budget |
| D1* |
$44,682 |
$3,560 |
$3,530 |
$24,548 |
$76,320 |
| D2** |
$53,372 |
$3,928 |
$3,130 |
$29,277 |
$89,707 |
| D3** |
$51,644 |
$2,454 |
$3,130 |
$29,277 |
$86,505 |
| D4** |
$51,644 |
$5,046 |
$3,130 |
$29,277 |
$89,097 |
*10-month budget.
**12-month budget due to revised curriculum.
The tuition and fees cited here are the estimates based on tuition rates approved by the University of Michigan Regents. Actual 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 Expenses include room and board (rent, security deposit, utilities, groceries, and restaurant/carry-out expenses) and personal/miscellaneous expenses. The Office of Financial Aid's estimated budget allows about $98 a week for personal/miscellaneous expenses such as long distance phone calls, extracurricular activities, personal hygiene items, etc. This figure also includes $2,698 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
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|
| • FEDERAL DIRECT STAFFORD LOAN (SUBSIDIZED) |
|
DESCRIPTION
- Federally funded
- 6.8% fixed interest rate
- See borrowing maximums below (Note: The federal Budget Control Act signed into law on Aug. 2, 2011 eliminates the in-school interest subsidy on federal loans for graduate and professional students effective July 1, 2012. All Federal Direct Stafford Loans available after July 1, 2012 will be unsubsidized)
ELIGIBILITY
- Need-based
- Students must be enrolled at least half-time in a degree program
- Undergraduates only after July 1, 2012
TERMS
BORROWING MAXIMUMS
The combined borrowing maximums for Subsidized and Unsubsidized Direct Loans is $40,500/year (only $8,500 of this can be Subsidized Loan). Cumulative loan debt is $224,000 (only $65,500 of this can be Subsidized Loan). Limit includes Direct Loans received as an undergraduate)
More information from the U.S. Department of Education
|
| • FEDERAL DIRECT STAFFORD LOAN, UNSUBSIDIZED |
|
DESCRIPTION
- Federally funded
- 6.8% fixed interest rate
- See borrowing maximums below (Note: The federal Budget Control Act signed into law on Aug. 2, 2011 eliminates the in-school interest subsidy on federal loans for graduate and professional students effective July 1, 2012. All Federal Direct Stafford Loans available after July 1, 2012 will be unsubsidized)
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% origination fee
BORROWING MAXIMUMS
The combined borrowing maximums for Subsidized and Unsubsidized Direct Loans is $40,500/year (only $8,500 of this can be Subsidized Loan). Cumulative loan debt is $224,000 (only $65,500 of this can be Subsidized Loan). Limit includes Direct Loans 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
- 7.9% 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% 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.ed.gov by March 26, 2012:
- 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 17, 2012:
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.
| WHAT HAPPENS AFTER YOU APPLY |
After we receive your FAFSA data from the federal processor and the other documents from you, we will review your file. Email notification will begin in early May. 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 |
 |
| 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 can have your refund directly deposited to your bank account by the University of Michigan Payroll Office. To arrange this, go to Wolverine Access and select direct deposit. 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.
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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