For the academic year 2022-2023, total 5,380 full-time, first-time students (74% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.
For all undergraduate students, total 22,636 students (70% of all students) received grants or scholarships and the average grant amount is $16,599. In addition, 8,288 students received student loans and the average loan amount is $6,360.
Below tables show the number and amount by source of financial aid at University of Michigan-Ann Arbor.
For all undergraduate students, total 22,636 students (70% of all students) received grants or scholarships and the average grant amount is $16,599. In addition, 8,288 students received student loans and the average loan amount is $6,360.
Below tables show the number and amount by source of financial aid at University of Michigan-Ann Arbor.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 22,636 | 70% | $16,599 |
| Pell Grants | 5,697 | 18% | $5,205 |
| Federal Student Loans | 8,288 | 26% | $6,360 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 5,380 | 74% | - |
| Grants or Scholarship from All Sources | 4,824 | 67% | $15,121 |
| Federal Grants | 3,346 | 46% | $3,677 |
| Pell Grants | 1,189 | 16% | $5,363 |
| Other Federal Grants | 3,036 | 42% | $1,952 |
| State/Local Grants | 625 | 9% | $1,003 |
| Institutional Grants | 3,492 | 48% | $17,186 |
| Student Loans | 1,793 | 25% | $8,470 |
| Federal Student Loans | 1,745 | 24% | $5,288 |
| Other Student Loans | 253 | 3% | $23,551 |
What is the Financial aid?
Federal Work Study, grants, loans to students (government and/or private), assistantships, scholarships, fellowships, tuition waivers, tuition discounts, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This excludes loans to parents.
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