DEEPCOLLEGES · OPS · v3.3 SCHOOLS·INDEXED 120 SOURCES IPEDS · CDS · SCORECARD LAST·SYNC 2026.04.29
CAMPUS · ANN ARBOR, MI · PUBLIC

University of Michigan

University of Michigan-Ann Arbor
17.9%
ACCEPT
01Acceptance 02Tuition 03Transfer 04ROI 05AP Credit 06Majors 07Housing 08International

Sticker Price vs What You Actually Pay

18% of students receive Pell Grants, indicating UMich enrolls a meaningful share of lower-income students.

Full Cost Breakdown

Room & Board$13,856
Total Cost of Attendance$34,654

What You'll Actually Pay (Net Price by Income)

After financial aid, the real cost depends on your family's income. These are average net prices for students receiving aid.

Family IncomeAnnual Net Price4-Year Total
$0-30k $1,043 $4,172
$30-48k $1,878 $7,512
$48-75k $4,895 $19,580
$75-110k $10,869 $43,476
$110k+ $26,517 $106,068

Financial Aid & Student Debt at University of Michigan

18.0%
Pell Grant Recipients
$19,500
Median Debt at Graduation

Is University of Michigan Worth the Cost? (ROI Analysis)

$83,648
Median Earnings (10yr)
$19,500
Median Debt
4.3x
Earnings-to-Debt Ratio

A ratio above 2x generally means the investment pays off. University of Michigan — 4.3x ratio is excellent — graduates earn well relative to their debt burden.

University of Michigan True Cost by Family Income

18% of students receive Pell Grants, indicating UMich enrolls a meaningful share of lower-income students.

Family IncomeAnnual Net Price4-Year Total
$0-30k $1,043 $4,172
$30-48k $1,878 $7,512
$48-75k $4,895 $19,580
$75-110k $10,869 $43,476
$110k+ $26,517 $106,068

Cost Breakdown

Room & Board$13,856
Total Cost of Attendance$34,654

Financial Aid & Student Debt

18.0%
Pell Grant Recipients
Students from low-income families
$19,500
Median Debt at Graduation
Federal loans only
$73,762
Median Earnings (6yr)
6 years after enrollment

University of Michigan Tuition & Cost FAQs

How much does University of Michigan actually cost per year?
University of Michigan's sticker price (cost of attendance) is $34,654/yr — that includes tuition, room and board, and fees. After financial aid, the average family pays just $9,040/yr, a 74% discount off sticker price.
Does University of Michigan offer good financial aid?
18% of University of Michigan students receive Pell Grants (federal need-based aid). Most US colleges including University of Michigan also award institutional grants on top of federal aid — apply via FAFSA, plus the CSS Profile if University of Michigan requires it.
What income bracket pays the least at University of Michigan?
Families earning under $30,000/yr typically pay around $1,043/yr at University of Michigan after financial aid, while families earning over $110,000/yr pay closer to $26,517/yr. The full breakdown by income bracket is in the True Cost table above.
Is University of Michigan worth the cost?
University of Michigan graduates earn a median of $83,648 10 years post-graduation. Against a 4-year sticker cost of about $138,616 (less for most families with aid), grads typically recoup the investment within several years of work.
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More About University of Michigan

University of Michigan Acceptance Rate University of Michigan Tuition & Cost Transfer to University of Michigan University of Michigan Salary & ROI University of Michigan AP Credit Best Majors at University of Michigan University of Michigan Housing International at University of Michigan

Other Colleges in MI

Michigan State University
83.9% accept · East Lansing

Data source: U.S. Department of Education College Scorecard, IPEDS. University of Michigan is not affiliated with DeepColleges.