Applying For Financial Aid
Applying For Financial Aid
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Email
financial.aid@umich.edu
Net Price Calculator
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Application Process
Application Deadline
February 1
Award Notification
On a rolling basis beginning January 1
High School Program
College preparatory program is recommended
Methodology For Awarding Institutional Aid
Federal and Institutional Methodologies
Forms Required Cost
FAFSA Code is 002325 Free
CSS/Financial Aid Profile $25 for first college, $16 each additional
Profile of 2024-25 Financial Aid
Profile of 2024-25 Financial Aid
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Freshman
Financial Aid Applicants
5,289 (72.9%) of freshmen
Found to Have Financial Need
2,699 (51.0%) of applicants
Received Financial Aid
2,667 (98.8%) of applicants with financial need
Need Fully Met
1,820 (68.2%) of aid recipients
Average Percent of Need Met
91%
Average Award
$38,078
Need-Based Gift
Received by 2,547 (95.5%) of aid recipients, average amount $30,307
Need-Based Self-Help
Received by 1,044 (39.1%) of aid recipients, average amount $4,269
Merit-Based Gift
Received by 1,782 (66.8%) of aid recipients
1,261 (17.4%) of freshmen had no financial need and received merit aid, average amount $4,587
All Undergraduates
Financial Aid Applicants
18,441 (56.0%) of undergraduates
Found to Have Financial Need
11,763 (63.8%) of applicants
Received Financial Aid
11,640 (99.0%) of applicants with financial need
Need Fully Met
8,487 (72.9%) of aid recipients
Average Percent of Need Met
92%
Average Award
$39,324
Need-Based Gift
Received by 11,096 (95.3%) of aid recipients, average amount $30,693
Need-Based Self-Help
Received by 5,089 (43.7%) of aid recipients, average amount $4,862
Merit-Based Gift
Received by 7,605 (65.3%) of aid recipients
4,300(13.1%)of undergraduates had no financial need and received merit aid,average amount $6,240
All Undergraduates
2024 Graduates Who Took Out Loans
31%
Average Indebtedness of 2024 Graduates
$29,244
Financial Aid Programs
Financial Aid Programs
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Loans
Federal Loans
Direct Subsidized Stafford Loans
Direct Unsubsidized Stafford Loans
Direct Plus Loans
Federal Nursing Loans
Other Loans
College/University Loans
Health Professions Student Loans (Hpsl)
Scholarships and Grants
Need-Based Available
Federal Pell grants
SEOG
State scholarships
Institutional scholarships
Private scholarships
Michigan Achievement Scholarship
Michigan Competitive Scholarship
University of Michigan Grant
Go Blue Grant
Victors
TEACH Grant.
Non-Need-Based Available
None
Non-Need Awards
Academic Interest/Achievement Award Areas
Architecture
Area/Ethnic Studies
Biological Sciences
Business
Communication
Computer Science
Education
Engineering/Technologies
English
Foreign Languages
Health Fields
Home Economics
Humanities
International Studies
Library Science
Mathematics
Military Science
Physical Sciences
Premedicine
Social Sciences
Number of Awards
Not reported
Creative Arts/Performance Award Areas
Art/Fine Arts
Cinema/Film/Broadcasting
Creative Writing
Dance
Journalism/Publications
Music
Performing Arts
Theater/Drama
Number of Awards
Not reported
Special Achievements/Activities Award Areas
Community Service
Leadership
Number of Awards
Not reported
Special Characteristics Award Areas
Children of Faculty/Staff
Children of Workers in Trades
Handicapped Students
International Students
Local/State Students
Members of Minorities
Out-of-State Students
Number of Awards
Not reported
Employment
Work-Study Programs
Federal work study available
Average Earnings from On-Campus Employment
$2,938
Undergraduate and Undergraduate Financial Aid data displayed on CollegeData’s college profiles is from the 2024-25 academic year.
A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2026 Peterson's LLC. All rights reserved.