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 Sample Aid Packages

The samples below are based on median family contributions of actual student applicants. They do not address complex issues such as assets or family businesses. Your aid package is dependent upon multiple factors, including application materials and supplemental documents, as required.

Every family situation is different.
You may receive more or less aid than shown here.

Some definitions and types of financial aid to consider as you view the charts below:

  • Grants: Gift funds, based on need, that do not have to be repaid. More about grants
  • Scholarships: Gift funds that do not have to be repaid. Some are based on need and some on merit or other criteria as determined by the donor. Scholarship awards are not included in these sample packages. More about scholarships and private scholarship listings
  • Work-Study: Wages earned through employment. Students work part-time for eligible employers and earn up the amount awarded. More about Work-Study
  • Loans: Funds that must be repaid with interest after you are no longer a student (either graduated or dropping below half-time). More about loans
  • Estimated/Expected Family Contribution (EFC): This is the amount a family is expected to pay based on analysis of a family's income, assets and other variables. This cost can by covered by parent assets, federal PLUS loans, private loans or other types of assistance for which parents or students may qualify.

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MICHIGAN RESIDENT (IN-STATE) PACKAGES
 

These sample packages are based on median family contribution of actual student applicants. They do not address complex issues such as assets or family businesses. Every family situation is different. You may receive more or less aid than shown here.

COST OF ATTENDANCE (COA)
Tuition/fees (full-time)
$13,142
Housing
$9,996
Books/supplies
$1,048
Personal/misc.
$2,054
TOTAL
$26,240


 

 FAMILY INCOMES OF $20,000 OR LESS  FAMILY INCOMES BETWEEN $20,001-$40,000
In this example, grants cover 100% of tuition (and also 100% of housing and 57% of books/supplies)
   
 Grants
(gift aid - not repaid)
$23,740
Net Costs
(COA less grants)
$2,500
   
Options to pay Net Costs:
 Federal Work-Study $2,500
 Federal loan options $0
 Remaining cost to family $0
In this example, grants cover 100% of tuition (and also 75% of housing)
   
 Grants
(gift aid - not repaid)
$20,642
Net Costs
(COA less grants)
$5,598
   
Options to pay Net Costs:
 Federal Work-Study $2,500
 Federal loan options $2,590
 Remaining cost to family $508
   
     
 FAMILY INCOMES BETWEEN $40,001-$60,000  FAMILY INCOMES BETWEEN $60,001-$80,000  FAMILY INCOMES BETWEEN $80,001-$100,000
In this example, grants cover 100% of tuition (and also 48% of housing)
 
 Grants
(gift aid - not repaid)
$17,932
Net Costs
(COA less grants)
$8,308
   
Options to pay Net Costs:
 Federal Work-Study $2,500
 Federal loan options $2,590
 Remaining cost to family $3,218

In this example, grants cover 97% of tuition

 
 Grants
(gift aid - not repaid)
$12,815
Net Costs
(COA less grants)
$13,425
   
Options to pay Net Costs:
 Federal Work-Study $2,500
 Federal loan options $3,590
 Remaining cost to family $7,335
In this example, grants cover 53% of tuition
 
 Grants
(gift aid - not repaid)
$6,992
Net Costs
(COA less grants)
$19,248
   
Options to pay Net Costs:
 Federal Work-Study $2,500
 Federal loan options $3,590
 Remaining cost to family $13,158
     
     

 SPECIAL CIRCUMSTANCE

Kevin's mother became disabled and had to resign from her job of 20 years. His twin sister, who had taken time off from college, decided to attend a local community college in the fall. After receiving an initial financial aid offer, Kevin's family contacted the Office of Financial Aid to ask for reconsideration of his award based on the changes in the family's circumstances. Kevin's parents supplied documentation of both his mother's disability and the family's projected annual income of $72,800. Financial aid officers reviewed the change in circumstances with the following results:

  $26,240   Cost of Attendance
   3,784   Expected Family Contriution (EFC)
= $22,456   Need for Aid
FINANCIAL AID OFFER:
  $16,866   Grant
+ 2,500   Work-Study
+     3,090   Loan
= $22,456   Total Aid Offered
Kevin's parents have the option of borrowing their expected family contribution through the Federal Direct PLUS Loan, a low-interest, long-term loan for parents of dependent students.

If you are a dependent undergraduate, you can calculate an estimate of your cost of attendance and financial aid at the University of Michigan using the M-Calc Net Price Calculator (available in English or Spanish).

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NON-RESIDENT (OUT-OF-STATE) PACKAGES
 

These sample packages are based on median family contribution of actual student applicants. They do not address complex issues such as assets or family businesses. Every family situation is different. You may receive more or less aid than shown here.

COST OF ATTENDANCE (COA)
Tuition/fees (full-time)
$40,392
Housing
$9,996
Books/supplies
$1,048
Personal/misc.
$2,054
TOTAL
$53,490


While we do not have sufficient funds to meet the full demonstrated financial need of many non-resident students, private scholarships and scholarships from U-M schools and colleges may be available (see our Types of Scholarships page). Also consider the Direct PLUS Loan for parents of dependent undergraduates or private loans.

 FAMILY INCOMES OF $20,000 OR LESS  FAMILY INCOMES BETWEEN $20,001-$40,000
In this example, grants cover 100% of tuition
(and also 46% of housing)
 
 Grants
(gift aid - not repaid)
$44,990
Net Costs
(COA less grants)
$8,500
   
Options to pay Net Costs:
 Federal Work-Study $3,000
 Federal loan options $5,500
 Total costs covered  
In this example, grants cover 100% of tuition
(and also 42% of housing)
 
 Grants
(gift aid - not repaid)
$44,642
Net Costs
(COA less grants)
$8,848
   
Options to pay Net Costs:
 Federal Work-Study $3,000
 Federal loan options $5,500
 Add'l. loan eligibility/EFC $348
   
     
 FAMILY INCOMES BETWEEN $40,001-$60,000  FAMILY INCOMES BETWEEN $60,001-$80,000  FAMILY INCOMES BETWEEN $80,001-$100,000
In this example, grants cover 70% of tuition
 
 Grants
(gift aid - not repaid)
$28,389
Net Costs
(COA less grants)
$25,101
   
Options to pay Net Costs:
 Federal Work-Study $3,000
 Federal loan options $4,500
 Add'l. loan eligibility/EFC $17,601
In this example, grants cover 52% of tuition
 
 Grants
(gift aid - not repaid)
$20,858
Net Costs
(COA less grants)
$32,632
   
Options to pay Net Costs:
 Federal Work-Study $3,000
 Federal loan options $4,500
 Add'l. loan eligibility/EFC $25,132
In this example, grants cover 38% of tuition
 
 Grants
(gift aid - not repaid)
$15,490
Net Costs
(COA less grants)
$38,000
   
Options to pay Net Costs:
 Federal Work-Study $3,000
 Federal loan options $4,500
 Add'l. loan eligibility/EFC $30,500
     

 

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