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Financial Aid Comparison Between Best Colleges in Michigan

All UndergraduateBeginning Students

Financial Aid Statistics Comparison

For all undergraduate students, the average percent receiving aid is 83.30 % and the average aid amount is $15,831. The financial aid includes Federal (Pell and other federal), state, local, institutional or other grant aid, and federal student loans. Next table compares the total number and percentage of undergraduate students who received any financial aid between best schools in Michigan for academic year 2021-2022.

All Undergraduate Financial Aid Statistics Between Best Schools In Michigan
RankNameNumber Receiving AidPercent Receiving AidAverage Amount
1 University of Michigan-Ann Arbor
16,62953%$22,021
2 Hillsdale College
1,43598%$20,490
3 Michigan State University
23,31060%$11,721
4 Hope College
2,83793%$16,691
5 Calvin University
3,24894%$21,017
6 Kettering University
1,74397%$20,365
7 Michigan Technological University
5,38594%$12,190
8 University of Detroit Mercy
2,41988%$18,124
9 University of Michigan-Dearborn
4,94572%$8,129
10 Northern Michigan University
5,96084%$7,557
Average6,79183.30%$15,831

Beginning Students Financial Aid

For first-time, full-time beginning students, the average percent of receiving grant and/or scholarship is 8.76 % and the average grant amount is $1,744. This includes grants or scholarship from all sources - federal (pell grants and other federal grants), state/local, and institutions. The average percent of students who receiving student loans (federal and other student loans) is 4.69 % and the average loan amount is $832. Next table compares the financial aid statistics for first-time, full-time undergraduate students (freshmen) between best schools in Michigan for academic year 2021-2022.

Beginning Student Financial Aid Comparison Between Best Schools In Michigan
RankNameGrants/ScholarshipsStudent Loans
Number Receiving Aid (Percentage)Average AmountNumber Receiving Aid (Percentage)Average Amount
1 University of Michigan-Ann Arbor
3,803
(56%)
$21,4441,939
(28%)
$7,324
2 Hillsdale College
331
(97%)
$20,910100
(29%)
$10,899
3 Michigan State University
4,908
(57%)
$12,7863,514
(41%)
$8,718
4 Hope College
702
(97%)
$18,650399
(55%)
$8,266
5 Calvin University
775
(100%)
$23,900347
(45%)
$8,390
6 Kettering University
346
(100%)
$23,367190
(55%)
$12,274
7 Michigan Technological University
1,283
(99%)
$13,946703
(54%)
$7,892
8 University of Detroit Mercy
513
(100%)
$20,483324
(63%)
$5,982
9 University of Michigan-Dearborn
844
(86%)
$9,607340
(35%)
$5,687
10 Northern Michigan University
1,332
(84%)
$9,3351,016
(64%)
$7,804
Average1,484
(87.60%)
$17,443887
(46.90%)
$8,324
The ranking data is provided by CollegeEvaluator. We compare the schools that ranked top 10 in Michiganand in top 500 ranking for all colleges and universities in United States.