University of Michigan Ann Arbor: Tuition & Loans

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Tuition and fees per year
$54,200
High
Average tuition prices at University of Michigan Ann Arbor are extremely high, about $53,700 per year. The additional fees at University of Michigan Ann Arbor not covered by tuition are approximately $500, which comes to $54,200 per year.

If you are thinking about a lower priced college, check the Affordable Colleges ranking. The chart below shows University of Michigan Ann Arbor tuition costs and additional fees compared to the competing and nearby colleges:

Anunual Tuition and Fees in University of Michigan Ann Arbor and Competing Colleges

University of Michigan Ann Arbor Tuition Comparison Chart

Books and Supplies

The average cost of books and additional supplies required to study at University of Michigan Ann Arbor is $1,050 a year; this is a good bargain if compared to other colleges in Michigan.

FAFSA Application

FAFSA Code
2021-2022
E00398
If you anticipate to file your FAFSA application for Federal Student Aid, the college code for University of Michigan Ann Arbor is E00398. Please verify this code before using it with your FAFSA application.

Federal Student Aid is an office of the US Department of Education, which provides financial aid to eligible students and families. To meet minimum eligibility requirements you will need to have a valid Social Security number and high school diploma or GED certificate.

Repaying Your School Loans

Repayment
Failure Rate
1%
Low
The government reported that the median federal student loan amount for University of Michigan Ann Arbor is approximately $6,100.

At the same time, 1.3% of the recent University of Michigan Ann Arbor graduates have failed to maintain their federal student loan repayments. This rate of loan repayment defaults (1.3%) is extremely low and might lead to a conclusion that University of Michigan Ann Arbor graduates have excellent career perspectives.

Learn More About University of Michigan Ann Arbor

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