univstats
Financial Aid Scoreboard
Number Received Financial Aid (All Undergraduate) 16,629
Percent Received Financial Aid(All Undergraduate) 53%
Average Aid Amount $22,021
Number Received Financial Aid (Freshmen) 4,520
Percent Received Financial Aid (Freshmen) 66%

Financial Aid Information at UM-Ann Arbor

For the academic year 2020-2021, a total of 16,629 students (53% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $22,021. For freshmen (Full-time, first-time degree-seeking undergraduate students), 4,520 students (66% of enrolled students) received financial aid.
The 2022 undergraduate tuition & fees at University of Michigan-Ann Arbor is $16,178 for Michigan residents and $53,232 for out-of-state students, for reference.

All Undergraduate Students Financial Aid

For the academic year 2020-2021, a total of 16,629 students (53% of all students) have received grants or scholarships and the average received aid amount is $22,021. 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 aid16,62953%$22,021
Pell Grants5,66318%$5,102
Federal Student Loans8,97829%$6,092

Beginning Students Financial Aid

a total of 4,520 beginning students (66% of all freshmen) have received any financial aid and 4,183 students (61% 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 Aid4,52066%-
Grants or Scholarship from All Sources3,80356%$21,444
Federal Grants1,64324%$5,122
Pell Grants1,35020%$5,272
Other Federal Grants89513%$1,450
State/Local Grants83312%$1,063
Institutional Grants3,66154%$19,736
Student Loans1,93928%$7,324
Federal Student Loans1,90728%$5,233
Other Student Loans2073%$20,402

Students Headcount by Living Status

For academic year 2020-2021, total 2,360 full-time beginning students have enrolled and attended University of Michigan-Ann Arbor. Among them, 2,073 students have lived on campus and 43 students lived off campus (without family). Next table shows the students count by living status and years.
Student Headcount by Living Location/Setting at University of Michigan-Ann Arbor
Living Status201820192020
Living On-Campus1,9632,0662,073
Living Off-Campus with Family352835
Living Off-Campus without Family292543

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

Next 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 2020-2021 . 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 level1,6251,426$26,077,849$16,048
$0 - $30,000345344$9,748,434$28,256
$30,001 - $48,000204203$5,152,181$25,256
$48,001 - $75,000247244$5,049,832$20,445
$75,001 - $110,000264256$3,621,886$13,719
$110,001 or more565379$2,505,516$4,435