Annual Costs

Undergraduate Tuition

University of Michigan tuition is $14,498 per year for in-state residents. This is 105% more expensive than the national average public four year tuition of $7,056. The cost is 24% cheaper than the average Michigan tuition of $19,001 for 4 year colleges. Tuition ranks 29th in Michigan amongst 4 year colleges for affordability and is the 30th most expensive 4 year college in the state. If attending from out-of-state, the tuition is $47,148 which represents a 225% premium.

The school charges an additional fees of $328 in addition to tuition bringing the total effective in-state tuition to $14,826.

Housing Costs

On campus room and board is provided by the school at a cost of $11,198 per academic year. Students electing to live off campus elsewhere in Ann Arbor should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,048.

Other Living Expenses

If living on-campus, students should budget for $2,454 in additional living expenses. Off-campus students should budget for $2,454 in other miscellaneous living expenses.

Total Costs

The total tuition and living expense budget for in-state Michigan residents to go to Michigan is $29,526 for the 2017/2018 academic year. Out-of-state students who don't have Michigan residence can expect a one year cost of $62,176.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for University of Michigan and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for University of Michigan
Estimated Budgets
Michigan Resident Total Budget $29,526
   In-State Tuition$14,498
   Other Fees$328
   Room and Board$11,198
   On-Campus Other Budget$2,454
   Books and Supplies$1,048
Non-Resident Total Budget $62,176
   Out-of-State Tuition$47,148
   Other Fees$328
   Room and Board$11,198
   On-Campus Other Budget$2,454
   Books and Supplies$1,048


What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $29,526 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Michigan net price for in-state students is $15,850* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

49% of University of Michigan students received grant aid in 2014/2015. The average total aid amount was $13,983. 14 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,244. To apply for a Pell Grant to attend University of Michigan, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for University of Michigan
Financial Aid Summary
Average Annual Net Price$15,850*
Percent of Students Receiving Grant Aid49%
Average Total Grant Aid$13,983
Percent of Students Receiving Pell Grants14%
Average Amount of Pell Grant Aid$4,244

Average Net Price for In-State Students by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$5,470
$30,001 to $48,000$7,735
$48,001 to $75,000$11,409
$75,001 to $110,000$18,251

Average Financial Aid Mix - $29,526 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $29,526. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.


Grants and Scholarships

 52% - $13,983

Money granted to you by the U.S. Department of Education, University of Michigan or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 17% - $4,645

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 31% -  $8,444

Covered by family savings, work or private student loans which you will have to repay.

*Reported Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Is it Worth the Cost?

To make a comparative assessment if Michigan is worth the price, measures of it's relative value for tuition dollar can be examined. We've calculated an academic national percentile rating of 96/100 for University of Michigan. Considering an average net price paid of $14,074, this leads to an overall value ranking of 83/100. This places the school 16th on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

Tuition Comparison to Similar Public Colleges in the Region

School Cost vs. University of Michigan
University of Virginia Main Campus2.6% less expensive

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at University of Michigan.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Michigan is $118,104 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $14,074 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $56,296**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $147,630 or $70,370 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at University of Michigan are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at University of Michigan
Price per credit hour for Michigan residents$612
Cost for one class for Michigan residents (3 credit hours)$1,836
Price per credit hour for out of state residents$2,003
Cost for one class for out of state residents (3 credit hours)$6,009
Cost for one class for out of state residents (4 credit hours)$8,012


Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 32% of University of Michigan students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $4,645. The reported average student debt upon graduation is $27,163.

Example Loan Payments and Costs

How much are student loan payments for University of Michigan? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $56,296, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $69,850.43. This could be your effective total out of pocket cost of an education at University of Michigan. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 49% of students at this school who receive financial aid and you are paying an average annual net price of $14,074. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our University of Michigan student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

University of Michigan Student Loan Payments
Example Payments
Monthly Loan Payment$582.09
Amount Borrowed$56,296.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$13,554.43
Sum of All Payments over 10 years$69,850.43

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Michigan? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending University of Michigan, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $69,850.43 would be needed to afford a $582.09 monthly payment in the example $56,296.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to University of Michigan in the future? In the past four years, this school's published in-state tuition and fee total rose from $12,800 to $14,498. This amounts to an average annual price increase of 2.7%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current in-state 4 year cost of $118,104.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for University of Michigan.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$40,605$162,421
Estimated Cost in 10 years for students enrolling in 2029$51,824$207,294
Estimated Cost in 15 years for students enrolling in 2034 $66,141$264,566
Estimated Cost in 18 years for students enrolling in 2037 $76,567$306,268

Tuition History

What was tuition at Michigan five, ten, fifteen or twenty years ago? Hop into our time machine and take a look. Pay attention to how aggressive the school has been with price increases in the past as it provides indication as to how the school may raise tuition in the next few years. Historical tuition and fees for all available data years back to 1987 follows.

YearIn-StateOut-of-stateAnnual Increase
2012$13,243$38,915 13.7%
2011$11,648$35,812 -0.1%
2010$11,659$34,937 5.6%
2009$11,037$33,069 5.6%
2008$10,447$29,131 7.4%
2007$9,723$29,131 5.5%
2006$9,213$27,601 12.3%
2005$8,201$26,027 2.8%
2004$7,975$24,777 6.5%
2003$7,485$23,365 7.9%
2002$6,935$21,645 6.5%
2001$6,513$20,323 2.8%
2000$6,333$19,761 3.9%
1999$6,098$19,156 3.7%
1998$5,878$18,444 2.9%
1997$5,710$17,916 -2.3%
1996$5,842$17,671 6.8%
1995$5,472$16,470 6.9%
1994$5,119$15,681 11.7%
1993$4,583$14,570 13.3%
1992$4,044$13,420 9.7%
1991$3,688$12,446 6.5%
1990$3,462$11,416 9.2%
1989$3,170$10,386 12.1%
1988$2,828$8,960 6.2%

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at University of Michigan to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Business Administration and Management, General Bachelor's Degree 334 80% costlier
Registered Nursing/Registered Nurse Bachelor's Degree 230 73% costlier
Mechanical Engineering Bachelor's Degree 209 47% costlier
Industrial Engineering Bachelor's Degree 174 54% costlier
Chemical Engineering Bachelor's Degree 142 36% costlier
Economics, General Bachelor's Degree 130 39% costlier
Aerospace, Aeronautical and Astronautical/Space Engineering Bachelor's Degree 124 37% costlier
Kinesiology and Exercise Science Bachelor's Degree 111 62% costlier
Political Science and Government, General Bachelor's Degree 110 49% costlier
Electrical and Electronics Engineering Bachelor's Degree 108 47% costlier
Art/Art Studies, General Bachelor's Degree 107 59% costlier
Architecture Bachelor's Degree 91 30% costlier
Civil Engineering, General Bachelor's Degree 89 47% costlier
Psychology, General Bachelor's Degree 85 54% costlier
Sport and Fitness Administration/Management Bachelor's Degree 79 65% costlier
Bioengineering and Biomedical Engineering Bachelor's Degree 76 22% costlier
Music Performance, General Bachelor's Degree 74 56% costlier
General Studies Bachelor's Degree 73 83% costlier
Computer Engineering, General Bachelor's Degree 68 47% costlier
Public Policy Analysis, General Bachelor's Degree 58 12% costlier
Speech Communication and Rhetoric Bachelor's Degree 57 57% costlier
Materials Engineering Bachelor's Degree 54 29% costlier
Secondary Education and Teaching Bachelor's Degree 49 70% costlier
Elementary Education and Teaching Bachelor's Degree 47 75% costlier
Nuclear Engineering Bachelor's Degree 47 44% costlier
English Language and Literature, General Bachelor's Degree 47 55% costlier
Dental Hygiene/Hygienist Bachelor's Degree 39 67% costlier
Mathematics, General Bachelor's Degree 37 52% costlier
Chemistry, General Bachelor's Degree 36 49% costlier
Spanish Language and Literature Bachelor's Degree 35 44% costlier
History, General Bachelor's Degree 34 52% costlier
Sociology Bachelor's Degree 32 51% costlier
Naval Architecture and Marine Engineering Bachelor's Degree 27 88% costlier
Women's Studies Bachelor's Degree 19 31% costlier
Musical Theatre Bachelor's Degree 19 47% costlier
Biology/Biological Sciences, General Bachelor's Degree 18 54% costlier
Anthropology Bachelor's Degree 18 38% costlier
Geology/Earth Science, General Bachelor's Degree 17 50% costlier
Physiological Psychology/Psychobiology Bachelor's Degree 16 27% costlier
Environmental Studies Bachelor's Degree 15 27% costlier
French Language and Literature Bachelor's Degree 14 35% costlier
German Language and Literature Bachelor's Degree 14 32% costlier
Visual and Performing Arts, Other Bachelor's Degree 13 30% costlier
Philosophy Bachelor's Degree 12 38% costlier
Athletic Training/Trainer Bachelor's Degree 12 65% costlier
Linguistics Bachelor's Degree 12 25% costlier
Neuroscience Bachelor's Degree 12 8% costlier
Statistics, General Bachelor's Degree 12 38% costlier
Asian Studies/Civilization Bachelor's Degree 12 19% costlier
Film/Cinema/Video Studies Bachelor's Degree 12 23% costlier
Music History, Literature, and Theory Bachelor's Degree 11 35% costlier
Geological/Geophysical Engineering Bachelor's Degree 11 47% costlier
Physics, General Bachelor's Degree 10 41% costlier
Technical Theatre/Theatre Design and Technology Bachelor's Degree 10 44% costlier
Physical Education Teaching and Coaching Bachelor's Degree 9 77% costlier
Creative Writing Bachelor's Degree 9 35% costlier
Engineering, General Bachelor's Degree 9 37% costlier
Cell/Cellular and Molecular Biology Bachelor's Degree 9 37% costlier
Organizational Behavior Studies Bachelor's Degree 9 46% costlier
Engineering Physics/Applied Physics Bachelor's Degree 8 27% costlier
Middle/Near Eastern and Semitic Languages, Literatures, and Linguistics, Other Bachelor's Degree 8 9% costlier
Comparative Literature Bachelor's Degree 7 12% costlier
Art History, Criticism and Conservation Bachelor's Degree 6 26% costlier
Anthropology, Other Bachelor's Degree 6 39% costlier
Microbiology, General Bachelor's Degree 6 58% costlier
Dance, General Bachelor's Degree 6 37% costlier
Near and Middle Eastern Studies Bachelor's Degree 5 4% costlier
Music Teacher Education Bachelor's Degree 5 64% costlier
International/Global Studies Bachelor's Degree 5 41% costlier
African-American/Black Studies Bachelor's Degree 5 32% costlier
Ecology and Evolutionary Biology Bachelor's Degree 5 23% costlier
American/United States Studies/Civilization Bachelor's Degree 4 20% costlier
Music, General Bachelor's Degree 4 51% costlier
Ancient Studies/Civilization Bachelor's Degree 4 10% costlier
Music, Other Bachelor's Degree 4 42% costlier
Biochemistry Bachelor's Degree 4 33% costlier
Informatics Bachelor's Degree 4 45% costlier
Music Theory and Composition Bachelor's Degree 4 33% costlier
Astronomy Bachelor's Degree 3 20% costlier
Modern Greek Language and Literature Bachelor's Degree 3 27% costlier
Jazz/Jazz Studies Bachelor's Degree 3 34% costlier
Russian Studies Bachelor's Degree 3 11% costlier
Music Technology Bachelor's Degree 3 33% costlier
Hebrew Language and Literature Bachelor's Degree 2 46% costlier
Biological and Biomedical Sciences, Other Bachelor's Degree 2 41% costlier
Polish Language and Literature Bachelor's Degree 2 17% costlier
Social Sciences, General Bachelor's Degree 2 62% costlier
Latin American and Caribbean Studies Bachelor's Degree 2 25% costlier
Multi-/Interdisciplinary Studies, Other Bachelor's Degree 2 48% costlier
Russian Language and Literature Bachelor's Degree 2 18% costlier
Drawing Bachelor's Degree 2 46% costlier
Geological and Earth Sciences/Geosciences, Other Bachelor's Degree 2 33% costlier
Medieval and Renaissance Studies Bachelor's Degree 1 5% costlier
Psychology, Other Bachelor's Degree 1 34% costlier
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 1 46% costlier
Computer and Information Sciences, General Bachelor's Degree 1 69% costlier
Classics and Classical Languages, Literatures, and Linguistics Bachelor's Degree 1 17% costlier
Biophysics Bachelor's Degree 1 14% costlier
Latin Language and Literature Bachelor's Degree 1 19% costlier
Hispanic-American, Puerto Rican, and Mexican-American/Chicano Studies Bachelor's Degree 1 29% costlier
Humanities/Humanistic Studies Bachelor's Degree 1 46% costlier
Jewish/Judaic Studies Bachelor's Degree 1 25% costlier
Ancient/Classical Greek Language and Literature Bachelor's Degree 1 8% costlier
Romance Languages, Literatures, and Linguistics Bachelor's Degree 1 8% costlier
Classical, Ancient Mediterranean and Near Eastern Studies and Archaeology Bachelor's Degree 1 5% costlier
Italian Language and Literature Bachelor's Degree 1 19% costlier


Use the calculators below to formulate a college savings plan for University of Michigan or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford University of Michigan in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a University of Michigan student loan.

Prepayment Option

About University of Michigan

University of Michigan is a four year public college located in Ann Arbor, Michigan.  Full time enrollment is 42,361 and part time is 2,357.

Students attending this school may pursue both undergraduate and graduate degrees.

University of Michigan
503 Thompson Street
Ann Arbor, Michigan

For Profit / Not For Profit Status

University of Michigan is a public not for profit institution. Public schools often represent the best value for your education dollar, especially when students qualify for in-state tuition.

University of Michigan cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=170976 IPEDS survey data.