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The Office of Financial Aid establishes standard student budgets each year as a basis for awarding financial aid funds. These budgets reflect typical "modest but adequate" expense patterns of University of Michigan students based on research conducted by the Office of Financial Aid. While actual expenses will vary based on your lifestyle and level of enrollment, the estimated costs listed below should assist you in planning your own budget. The estimated budgets for the Fall/Winter and Spring/Summer terms are published annually in February and March, respectively.
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 M-Calc (in English and in Spanish) is a cost of attendance and financial aid estimator for entering, dependent, undergraduate, Michigan resident students
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Current and accepted U-M students can see an estimate of their U-M bill, by selecting Financial Planning Calculators from within Wolverine Access.
Estimated Cost of Attendance:
2008-2009 Fall/Winter (September - April)
|
Tuition & Fees |
Room & Board |
Books & Supplies |
Personal & Miscellaneous |
Total Budget |
Michigan Residents (In-State) |
|
|
|
|
|
|
Fr/So* |
$10,447 |
$8,518 |
$1,048 |
$2,054 |
$22,067 |
| Jr/Sr** |
$11,775 |
$8,518 |
$1,048 |
$2,054 |
$23,395 |
| Grad*** |
$15,891 |
$11,320 |
$1,192 |
$4,042 |
$32,445 |
Nonresidents (Out-of-State) |
|
|
|
|
|
|
Fr/So* |
$31,301 |
$8,518 |
$1,048 |
$2,054 |
$42,921 |
| Jr/Sr** |
$33,499 |
$8,518 |
$1,048 |
$2,054 |
$45,119 |
| Grad*** |
$31,801 |
$11,320 |
$1,192 |
$4,042 |
$48,355 |
* Fr/So = Freshmen and sophomores ** Jr/Sr = Juniors and seniors *** Grad = Graduate students
TUITION & FEES:
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These are the estimated tuition and fees (for the College of Literature, Science and the Arts) for 2008-2009. Actual 2008-2009 tuition and fees will be set by the U-M Board of Regents in June 2008. Rates listed are based on a full-time credit hour load, defined by the University as 12-18 credit hours per term for undergraduate students. Students who elect fewer than 12 credit hours are charged on a per credit hour basis. Those who elect more than 18 hours pay for the additional credit hours.
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For financial aid eligibility purposes, full-time for graduate students is defined as 8 credit hours per term. Please note that for tuition rate purposes; however, full-time for graduate students is defined as 9 credit hours per term.
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Tuition and fees may be higher or lower, depending on a student's program of study. Current full- and part-time tuition and fees for all U-M Schools and Colleges are available from the Office of the Registrar.
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ROOM & BOARD:
A detailed schedule of room and board options and rates is available from the University of Michigan Housing Information Office.
Housing costs can vary significantly based on the living arrangements you select. The university residence halls offer a variety of room types and meal plans. The Office of Financial Aid uses the standard "double occupancy" rate in the budget to determine aid eligibility. However, you could pay as much as $10,110 for a single room or as little as $6,902 for an economy triple (both estimated rates include the standard meal contract).
Off-Campus Housing: The Ann Arbor community offers many options for living arrangements. The financial aid budget allows up to an estimated $1,023 per month for undergraduates and and estimated $1,360 per month for graduate students for rent, utilities, and food. We suggest you evaluate carefully the costs you might incur by living off-campus.
Commuting: Students who live at home and commute to campus will reduce room and board costs significantly. The allowance for room and board in the financial aid budget for commuting students is $2,264 for the academic year to acknowledge ongoing family household expenses (food, utilities, etc.) and transportation costs.
BOOKS & SUPPLIES:
Costs vary by program, course load, and classes selected. Book and supply costs for students in the School of Art and Design, Architecture and Urban Planning, Dental Hygiene, and Business Administration are typically higher than the estimates listed here. Contact the Office of Financial Aid for exact figures. You may be able to reduce your costs significantly by buying used books and by using the university's extensive library and reserve book system.
PERSONAL & MISCELLANEOUS:
This category represents every other student expense--transportation, meals not covered under the standard meal contract, long distance phone calls, clothes, personal hygiene, student insurances, entertainment, etc. It is the most variable and personal component of anyone's budget. The financial aid budget allows about $65 per week. Personal spending can make or break a college budget! The most important thing is to set yourself an allowance, keep track of your expenses, and stick to your budget. Keep in mind:
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If you live off-campus, you may save money by having roommates.
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The four Cs--cars, clothes, credit cards, and calls--can bust your budget!
Estimated Spring/Summer 2008 Student Budgets
Spring/Summer 2009 estimated budgets will be posted in March 200.
Following are costs for most programs of study for the eight-week Spring half-term (May-June) or the eight-week Summer half-term (July-August). If you attend both terms, you need to multiply these costs by two.
|
Tuition & Fees |
Room & Board |
Books & Supplies |
Personal & Miscellaneous |
Total Budget |
Michigan Residents (In-State) |
|
|
|
|
|
|
Fr/So* |
$2,612 |
$1,850 |
$255 |
$500 |
$5,217 |
| Jr/Sr** |
$2,944 |
$1,850 |
$255 |
$500 |
$5,549 |
| Grad*** |
$4,386 |
$2,720 |
$290 |
$984 |
$8,380 |
Nonresidents (Out-of-State) |
|
|
|
|
|
|
Fr/So* |
$7,285 |
$1,850 |
$255 |
$500 |
$10,430 |
| Jr/Sr** |
$8,375 |
$1,850 |
$255 |
$500 |
$10,980 |
| Grad*** |
$8,806 |
$2,720 |
$290 |
$984 |
$12,800 |
* Fr/So = Freshmen and sophomores ** Jr/Sr = Juniors and seniors *** Grad = Graduate students |