univstats

UM-Ann Arbor Financial Aid

Number Received Financial Aid (All Undergraduate) 22,636
Percent Received Financial Aid(All Undergraduate) 70%
Average Aid Amount $16,599
Number Received Financial Aid (Freshmen) 5,380
Percent Received Financial Aid (Freshmen) 74%

Financial Aid Information at UM-Ann Arbor

For the academic year 2021-2022, a total of 22,636 students (70% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $16,599. For freshmen (Full-time, first-time degree-seeking undergraduate students), 5,380 students (74% of enrolled students) received financial aid.
The 2024 undergraduate tuition & fees at University of Michigan-Ann Arbor is $17,228 for Michigan residents and $58,072 for out-of-state students, for reference.

All Undergraduate Students Financial Aid

For the academic year 2021-2022, a total of 22,636 students (70% of all students) have received grants or scholarships and the average received aid amount is $16,599. It includes federal, state, local, institutional, or other sources of grant aid. The following table describes the financial aid statistics by aid types at University of Michigan-Ann Arbor for all undergraduate students.
Undergraduate Student Financial Aid at University of Michigan-Ann Arbor
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid22,63670%$16,599
Pell Grants5,69718%$5,205
Federal Student Loans8,28826%$6,360

Beginning Students Financial Aid

a total of 5,380 beginning students (74% of all freshmen) have received any financial aid and 5,098 students (70% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students. The below table shows the number and amount by the source of financial aid at University of Michigan-Ann Arbor.
Beginning Students (Freshmen) Financial Aid at University of Michigan-Ann Arbor
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid5,38074%-
Grants or Scholarship from All Sources4,82467%$15,121
Federal Grants3,34646%$3,677
Pell Grants1,18916%$5,363
Other Federal Grants3,03642%$1,952
State/Local Grants6259%$1,003
Institutional Grants3,49248%$17,186
Student Loans1,79325%$8,470
Federal Student Loans1,74524%$5,288
Other Student Loans2533%$23,551

Students Headcount by Living Status

For academic year 2021-2022, total 2,313 full-time beginning students have enrolled and attended University of Michigan-Ann Arbor. Among them, 2,039 students have lived on campus and 47 students lived off campus (without family). The following table shows the students count by living status and years.
Student Headcount by Living Location/Setting at University of Michigan-Ann Arbor
Living Status201920202021
Living On-Campus2,0731,9112,039
Living Off-Campus with Family354938
Living Off-Campus without Family432747

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

The following table shows number of students who paid the in-state or in-district tuition rate and were awarded any grant/scholarship by income level for academic year 2021-2022 . The sources of grants and scholarship aid are the federal government, state/local government, or the institution.
Grants of Scholarship Aid Statistics By Income Level at University of Michigan-Ann Arbor
Income LevelNumber of StudentsNumber of Students AwardedTotal Amount Aid Awarded Average Amount Aid Awarded
All level1,5151,286$23,250,538$15,347
$0 - $30,000284284$7,504,926$26,426
$30,001 - $48,000216214$5,348,883$24,763
$48,001 - $75,000242241$4,965,471$20,518
$75,001 - $110,000204192$2,911,902$14,274
$110,001 or more569355$2,519,356$4,428