Ann Arbor campus
“The Go Blue Guarantee has done the impossible for me. I never thought that I was going to be able to go to a good school or come out of college without any debt. Now I can do both!” — Odri
A Top-Three U.S. Public School
3
#
QS World Rankings, 2024
A Best College in America
5 Stars Money Magazine, 2023
The Value of a Michigan Degree Attending college is an investment that can make a tremendous impact on your future. The lifetime earning gap between high school and college grads continues to widen as the economy changes. For most young people, earning a college degree has become the best way to prepare for meaningful careers with a promising future. While looking at schools, you should keep in mind both the total costs for your family and the overall longterm value of a degree from that college.
A World-Class Opportunity in Your Own Backyard Michigan is considered one of the world’s top universities. The amazing resources and opportunities available at U-M attract exceptional faculty and undergraduate students from every state and 100 countries.
More Than
668,000
U-M is committed to keeping a world-class education affordable and accessible for all Michigan residents pursuing undergraduate study on all three of our campuses. This brochure provides specific information about the Ann Arbor campus. To learn more about how the Go Blue Guarantee works on our other campuses, please visit their websites directly: UM-Dearborn umdearborn.edu/go-blue-guarantee UM-Flint umflint.edu/go-blue-guarantee
Once you become part of the U-M campus community, you’ll also have access to supportive networks that ensure you graduate with your dream degree.
Living Alumni Worldwide
Graduation Rates U-M
When you graduate from U-M, you become part of one of the largest and most successful alumni networks — more than 668,000 strong — connecting you to many career and social opportunities beyond campus. Having a degree from a top-notch school also allows U-M graduates to earn $1M more in a lifetime than high-achieving high school graduates.
First-year Retention Rate Fall 2020 Cohort
U.S. Public Universities
U-M
U.S. Public Universities
97%
82%
Four Years
81%
49% Six Years (starting Fall 2014)
93%
64%
Percentage of students who return for sophomore year. Source: U-M Office of Budget and Planning and the U.S. Department of Education
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Our Financial Commitment to In-state Students Many students and their families across our state are concerned about the rising cost of college. Before you make any major decisions about your future, we want to make sure that you know about your many options at the University of Michigan. U-M’s mission as a public university remains truer than ever. We are working hard to keep higher education affordable and accessible — especially for residents of the state of Michigan.
Making Michigan an Affordable Choice For many families, the published price of tuition is not the cost they will be expected to pay. Nearly 26% of in-state undergraduate students at U-M pay no tuition.
Best Value Colleges in Michigan
1
#
Niche, 2024
Top Undergraduate Public Universities Nationally
3
#
U.S. News & World Report, 2022
2
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Our Go Blue Guarantee covers the cost of in-state tuition for up to four years of full-time undergraduate study on the Ann Arbor, Flint, and Dearborn campuses for Michigan residents who qualify. On the Ann Arbor campus, the qualifications include a family income of $75,000 or less and family assets up to $75,000, subject to certain limits (assets include home equity, savings/checking, investments, real estate, and business net worth, but not retirement accounts). If you don’t qualify for free tuition, U-M also provides tuition support for qualifying families with incomes up to $180,000. Approximately 71% of all U-M firstyear students receive some form of financial aid.
Estimate Your Expenses The Net Price Calculator — npc.collegeboard.org/app/umich — tool can also help you estimate your eligibility for financial aid and your outof-pocket expenses as a U-M student.
“The Go Blue Guarantee opens doors for a lot of talent that might have not been discovered if that support was not available.” — Gustavo
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The Go Blue Guarantee is our commitment to keeping a world-class education affordable and accessible for all Michigan residents pursuing undergraduate study on our Ann Arbor campus. It includes: • FREE tuition for up to four years of full-time study for qualifying families with incomes of $75,000 or less and assets up to $75,000 (subject to certain limits).* • Tuition support for some qualifying families earning more. U-M is the only public university in Michigan that covers 100% of demonstrated financial need of
eligible Michigan residents.† Examples of typical tuition support offered to Michigan families who apply for aid are featured in the chart at right.
What Does the Go Blue Guarantee Cover? The Go Blue Guarantee covers undergraduate tuition and mandatory university fees. Tuition is the specific charge you are billed for your classes. Additional expenses such as housing and meals, books, supplies, and personal items are not covered by the Go Blue Guarantee, but many students find other sources of aid to pay these costs.
* An annual family income of $75,000 or less and family assets totaling up to $75,000 (assets include home equity, savings/ checking, investments, real estate, and business net worth, but not retirement accounts). †
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You must apply by the deadline. Demonstrated financial need is determined after you fill out the Free Application for Federal Student Aid (FAFSA) and the CSS Financial Aid Profile.
admissions.umich.edu/affordability
Average Tuition Support for Families Applying for Aid With Incomes Up to $180K Family Income:
Percent of Applicants Qualified for Scholarships & Grant Aid:
$0– $75K
100%
$75– $100K $100– $125K $125– $150K $150– $180K
In Tuition, You Pay on Average:
0
$
A Year
98%
2,039
$
A Year
94%
4,110
$
A Year
87%
6,436
$
A Year
76%
8,125
$
A Year
UPDATED AUGUST 2023 | SCHOLARSHIPS AND GRANT AID DON’T NEED TO BE REPAID
Learn If You Qualify:
goblueguarantee.umich.edu
“If you’re academically able to attend U-M, you shouldn’t be kept away from this opportunity because of financial barriers.” — Joshua
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Common Myths About U-M’s Affordability Figuring out how to pay for college can be confusing and intimidating for students and their families. Below, we directly address some common misconceptions about U-M’s affordability and financial aid to help clarify what funding opportunities are available for in-state students.
Myth 1: U-M is one of most expensive colleges in Michigan.
Fact
Fact
100%
of Demonstrated Financial Need Is Covered for Michigan Students
$333.3M in Financial Aid
U-M is the only public university in the state that covers 100% of demonstrated financial need* of students from Michigan (if you apply by the deadline and accept all of the aid that we offer).
U-M often costs LESS than smaller, local colleges because we offer generous aid packages. In 2022-23, $333.3 million was awarded to undergraduate students.
Source: U-M Office of Financial Aid
Source: U-M Office of Budget and Planning
*The difference between U-M’s total cost of attendance and your expected family contribution (EFC), sometimes also called the Student Aid Index (SAI). The EFC/SAI is determined when you fill out the Free Application for Federal Student Aid (FAFSA) and the CSS Financial Aid Profile. See page 8.
Myth 2: The cost to attend U-M keeps rising.
Fact At the University of Michigan,
Attendance Costs Less
’13
’14
’15
’16
’17
’18
’19
’20
’21
’22
than it did 10 years ago for many in-state undergraduate students Source: U-M Office of Budget and Planning
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Myth 3: Hardly anyone gets financial aid at U-M; only wealthy students go there.
Fact
71%
Of In-state, First-year Students:
Receive Some Form of Financial Aid
47%
Come From Families That Earn Less Than $150,000/Year Source: U-M Office of Financial Aid
Myth 4: Most middle-class families do not qualify for need-based aid.
Fact
On Average, Students From a Family With:
A Household Income Between
Receive U-M Grants (Free Money) That Cover
$65,000–$95,000
97%
of Their Tuition
And many also get additional scholarship aid to help with other costs like housing, meals, and books. Source: U-M Office of Financial Aid
Myth 5: If I use financial aid, I will graduate with major debt.
Fact
U-M Has Increased Grant Contribution Each Year, Helping Reduce the Need for Students to Borrow
$22,751
Average Student Debt
for In-state Undergraduates at U-M
Vs.
$29,100 Nationally
About 43% of our in-state undergraduate students graduate with debt. Sources: U-M Office of Budget and Planning and The College Board
Types of Financial Aid • Grants: Gift aid that does not need to be repaid. • Scholarships: Gift packages based on academic achievements, specific talents, financial need, or other criteria that do not need to be repaid.
• Federal Work-Study Employment: Wages earned through part-time employment for the amount awarded. • Loans: Funds that need to be repaid, with interest, after you are no longer a student. admissions.umich.edu/affordability
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Next Steps in Your Senior Year Step 1: Apply to U-M Beginning Aug. 1, you can start your U-M application through the Common Application (apply.commonapp.org), which also serves as your application for most merit scholarships. We recommend applying by our Nov. 1 Early Action deadline (Dec. 1 for the School of Music, Theatre & Dance) for the most competitive merit scholarship consideration. (Please note that the application includes specific University of Michigan questions.) We may be able to waive your application fee. Make a request on the application, or call 734-764-7433 for details.
Step 2: Apply for Financial Aid We use information provided on both the Free Application for Federal Student Aid (FAFSA) and the CSS/Financial Aid Profile to determine your eligibility for need-based financial aid. This will help you figure out the amount that you and your family will need to pay for your education.
You can fill out your applications on these websites: Free Application for Federal Student Aid (FAFSA): studentaid.gov Complete the FAFSA online as soon as possible to be considered for all need-based and non-need-based federal loans and WorkStudy, as well as federal and state need-based grants and scholarships. The 2024-2025 FAFSA will be available by the end of December. U-M’s code is 002325. CSS/Financial Aid Profile: cssprofile.collegeboard.org Complete your profile to be considered for all need-based university grants and scholarships. The profile is available each year after Oct. 1. U-M’s code is 1839. Students who submit their application materials by the suggested filing date of Dec. 15 will receive an estimated financial aid package as soon as it’s available. Otherwise, you can still apply by the final deadline date of March 31* and receive an aid offer before May 1. You do not need to be admitted to apply for financial aid. *Subject to change; consult finaid.umich.edu for most current deadlines.
“I highly encourage you to come to U-M. You belong here and deserve to be here.” — Phimmasone
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Top 5 Reasons
U-M is the best value for your money
1
U-M is affordable for in-state students
2
U-M is #2 in research volume among U.S. public research universities*
3
U-M has high student retention and graduation rates
#
#
#
4
#
5
#
Nearly 29% of in-state undergraduate students at U-M pay no tuition
With top faculty, amazing experiences, and abundant resources *National Science Foundation (2023)
97% of first-year students return and 93% of students graduate
U-M graduates have a strong lifetime earning potential College graduates earn twice as much as workers with only a high school diploma
U-M has a global network of 668,000+ proud alumni Providing connections and opportunities all over the world
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Investing in a U-M education can provide you with a bright future with many rewards. Please do not hesitate to contact us for help or more information.
goblueguarantee.umich.edu admissions.umich.edu/affordability U-M Office of Undergraduate Admissions admissions.umich.edu • 734-764-7433 U-M Office of Financial Aid finaid.umich.edu • 734-763-6600
Updated September 2023 UNIVERSITY OF MICHIGAN BOARD OF REGENTS Jordan B. Acker, Michael J. Behm, Mark J. Bernstein, Paul W. Brown, Sarah Hubbard, Denise Ilitch, Ron Weiser, Katherine E. White, Santa J. Ono, ex officio NONDISCRIMINATION POLICY STATEMENT The University of Michigan, as an equal opportunity/affirmative action employer, complies with all applicable federal and state laws regarding nondiscrimination and affirmative action. The University of Michigan is committed to a policy of equal opportunity for all persons and does not discriminate on the basis of race, color, national origin, age, marital status, sex, sexual orientation, gender identity, gender expression, disability, religion, height, weight or veteran status in employment, educational programs and activities and admissions. Inquiries or complaints may be addressed to the Equity, Civil Rights and Title IX Office (ECRT), 2072 Administrative Services Building, Ann Arbor, Michigan 48109-1432, 734-763-0235, TTY 734-647-1388. © 2023 The Regents of the University of Michigan Designed by Michigan Creative, a unit of the Vice President for Communications | MC240057