U-M Financial Aid Facts
Information about financial aid at the University of Michigan is available from a variety of sources both within and outside the university. Information about the current academic and financial aid year is compiled when all four termsof the academic year (Fall, Winter, Spring and Summer) are completed.
|TOTAL AID AWARDED IN 2012-2013
The Office of Financial Aid compiles information about the total amount of aid awarded and paid from federal, state, institutional, and departmental sources to freshmen, undergraduates, and graduate students. For the 2012-2013 academic year, the most recent year for which data is reported, the University of Michigan awarded and paid aid in the following amounts:
Total aid awarded: $922,934,515 to 33,104 students
- to undergraduates: $356,815,299 to 19,161 students
- to graduate students: $566,119,216 to 13,943 students
• U-M COLLEGE PORTRAIT
The University Office of the Provost maintains this overview of facts and figures about the university, which includes information about financial aid. Visit the main Provost's website and link to the current year's report under "Items of Interest."
• MICHIGAN MODEL FOR FINANCIAL STRATEGY AND COST CONTROL
A look at the Michigan Education Dashboard and how U-M stacks up. Additional information about university budgets, tuition and cost containment can be found here.
• COST CUTTING & BUDGET UPDATE (Public Affairs)
This page offers general budget information about the university and links to financial reports and other budget news. View a report to the U-M Regents about "Affordability and Value of a U-M Education." Also, the Office of the Vice President for Global Communications provides background about key issues of interest to the university community, the general public and the media including information about financial aid. See this Public Affairs page.
• UNDERSTANDING TUITION
This website covers a variety of questions related to tuition, the university’s budget, and student financial aid. Included is a tuition Q&A, a video about tuition and a university funding tutorial.
• U-M'S COMMITMENT TO RESIDENT STUDENTS
The Office of the Vice President for Global Communications shares information about the University's commitment to meet 100 percent of demonstrated financial need for resident students. At right, click for a PDF download of information. Or view this information online:
• U-M OFFICE OF BUDGET AND PLANNING, "THE MICHIGAN ALMANAC"
The U-M Office of Budget and Planning created The Michigan Almanac in 2013 to compile data about the University. Chapter 3 of this almanac offers data about undergraduate costs and financial aid as well as affordability reports. It is updated regularly with fresh data.
For the most recent published data on the distribution of financial aid to University of Michigan students, see the IPEDS Data Center at the U.S. Department of Education’s Integrated Postsecondary Education Data System website.
To compare the University of Michigan with other colleges and universities, visit the College Navigator at the U.S. Department of Education’s Integrated Postsecondary Education Data System website. or see our Compare Colleges page for other helpful links.