Financial Aid Statistics Comparison
For all undergraduate students, the average percent receiving aid is 82.20 % and the average aid amount is $18,134. The financial aid includes Federal (Pell and other federal), state, local, institutional or other grant aid, and federal student loans. The following table compares the total number and percentage of undergraduate students who received any financial aid between best schools in Michigan for academic year 2023-2024.
| Rank | Name | Number Receiving Aid | Percent Receiving Aid | Average Amount |
|---|---|---|---|---|
| 1 | University of Michigan-Ann Arbor | 16,891 | 52% | $24,478 |
| 2 | Hillsdale College | 1,555 | 99% | $22,880 |
| 3 | Michigan State University | 28,598 | 73% | $9,950 |
| 4 | Hope College | 3,039 | 93% | $21,169 |
| 5 | Calvin University | 2,722 | 92% | $25,353 |
| 6 | Kettering University | 1,375 | 97% | $23,595 |
| 7 | Michigan Technological University | 5,167 | 91% | $15,095 |
| 8 | University of Detroit Mercy | 2,225 | 71% | $20,772 |
| 9 | University of Michigan-Dearborn | 4,657 | 76% | $9,400 |
| 10 | Northern Michigan University | 5,010 | 78% | $8,645 |
| Average | 7,124 | 82.20% | $18,134 | |
Beginning Students Financial Aid
For first-time, full-time beginning students, the average percent of receiving grant and/or scholarship is 9.30 % and the average grant amount is $1,842. 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 4.01 % and the average loan amount is $897. The following table compares the financial aid statistics for first-time, full-time undergraduate students (freshmen) between best schools in Michigan for academic year 2023-2024.
| Rank | Name | Grants/Scholarships | Student Loans | ||
|---|---|---|---|---|---|
| Number Receiving Aid (Percentage) | Average Amount | Number Receiving Aid (Percentage) | Average Amount | ||
| 1 | University of Michigan-Ann Arbor | 3,850 (55%) | $22,005 | 1,687 (24%) | $9,814 |
| 2 | Hillsdale College | 373 (97%) | $20,505 | 127 (33%) | $11,258 |
| 3 | Michigan State University | 9,276 (96%) | $8,147 | 3,370 (35%) | $9,086 |
| 4 | Hope College | 926 (97%) | $23,633 | 436 (46%) | $8,476 |
| 5 | Calvin University | 616 (100%) | $27,189 | 226 (37%) | $7,956 |
| 6 | Kettering University | 294 (100%) | $24,994 | 149 (51%) | $12,995 |
| 7 | Michigan Technological University | 1,343 (97%) | $16,889 | 690 (50%) | $8,896 |
| 8 | University of Detroit Mercy | 490 (100%) | $22,230 | 181 (37%) | $7,134 |
| 9 | University of Michigan-Dearborn | 940 (96%) | $9,552 | 296 (30%) | $6,030 |
| 10 | Northern Michigan University | 1,292 (92%) | $9,008 | 819 (58%) | $8,034 |
| Average | 1,940 (93.00%) | $18,415 | 798 (40.10%) | $8,968 | |
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.
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