Number Received Financial Aid (All Undergraduate)
16,891
Percent Received Financial Aid(All Undergraduate)
52%
Average Aid Amount
$24,478
Number Received Financial Aid (Freshmen)
4,660
Percent Received Financial Aid (Freshmen)
66%
Financial Aid Information at UM-Ann Arbor
For the academic year 2023-2024, a total of 16,891 students (52% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $24,478. For freshmen (Full-time, first-time degree-seeking undergraduate students), 4,660 students (66% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at University of Michigan-Ann Arbor is $18,848 for Michigan residents and $63,081 for out-of-state students, for reference.
All Undergraduate Students Financial Aid
For the academic year 2023-2024, a total of 16,891 students (52% of all students) have received grants or scholarships and the average received aid amount is $24,478. 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.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 16,891 | 52% | $24,478 |
| Pell Grants | 5,744 | 18% | $5,582 |
| Federal Student Loans | 6,870 | 21% | $5,694 |
Beginning Students Financial Aid
a total of 4,660 beginning students (66% of all freshmen) have received any financial aid and 4,292 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.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 4,660 | 66% | - |
| Grants or Scholarship from All Sources | 3,850 | 55% | $22,005 |
| Federal Grants | 1,269 | 18% | $6,418 |
| Pell Grants | 1,262 | 18% | $5,725 |
| Other Federal Grants | 594 | 8% | $1,547 |
| State/Local Grants | 683 | 10% | $1,513 |
| Institutional Grants | 3,768 | 54% | $20,048 |
| Student Loans | 1,687 | 24% | $9,814 |
| Federal Student Loans | 1,602 | 23% | $4,988 |
| Other Student Loans | 325 | 5% | $26,357 |
Student Headcounts by Tuition Rates
For academic year 2023-2024, total 3,648 have paid in-state tuition rates (52% of undergraduate students) and 3,376 students (48%) have paid the tuition & fee based on out-of-state rates at University of Michigan-Ann Arbor.
| Type of Tuition Rate | Number of Students | Percent | Tuition & Fees |
|---|---|---|---|
| In-State Rate | 3,648 | 52% | $18,848 |
| Out-of-State Rate | 3,376 | 48% | $63,081 |
Students Headcount by Living Status
For academic year 2023-2024, total 2,506 full-time beginning students have enrolled and attended University of Michigan-Ann Arbor. Among them, 2,205 students have lived on campus and 48 students lived off campus (without family). The following table shows the students count by living status and years.
| Living Status | 2021 | 2022 | 2023 |
|---|---|---|---|
| Living On-Campus | 1,911 | 2,039 | 2,205 |
| Living Off-Campus with Family | 49 | 38 | 53 |
| Living Off-Campus without Family | 27 | 47 | 48 |
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 2023-2024 . The sources of grants and scholarship aid are the federal government, state/local government, or the institution.
| Income Level | Number of Students | Number of Students Awarded | Total Amount Aid Awarded | Average Amount Aid Awarded |
|---|---|---|---|---|
| All level | 1,461 | 1,299 | $27,048,096 | $18,513 |
| $0 - $30,000 | 294 | 294 | $8,355,091 | $28,419 |
| $30,001 - $48,000 | 203 | 202 | $5,675,141 | $27,956 |
| $48,001 - $75,000 | 248 | 246 | $6,098,019 | $24,589 |
| $75,001 - $110,000 | 207 | 201 | $3,581,755 | $17,303 |
| $110,001 or more | 509 | 356 | $3,338,090 | $6,558 |
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