Applying For Financial Aid
Applying For Financial Aid
expand icon
Email
financial.aid@umich.edu
Application Process
Application Deadline
February 1
Award Notification
On a rolling basis beginning January 15
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 2019-20 Financial Aid
Profile of 2019-20 Financial Aid
expand icon
Freshman
Financial Aid Applicants
5,088 (74.7%) of freshmen
Found to Have Financial Need
2,942 (57.8%) of applicants
Received Financial Aid
2,793 (94.9%) of applicants with financial need
Need Fully Met
1,774 (63.5%) of aid recipients
Average Percent of Need Met
90%
Average Award
$30,713
Need-Based Gift
Received by 2,342 (83.9%) of aid recipients, average amount $24,268
Need-Based Self-Help
Received by 1,995 (71.4%) of aid recipients, average amount $4,463
Merit-Based Gift
Received by 1,975 (70.7%) of aid recipients
952 (14.0%) of freshmen had no financial need and received merit aid, average amount $3,702
All Undergraduates
Financial Aid Applicants
17,130 (57.0%) of undergraduates
Found to Have Financial Need
12,220 (71.3%) of applicants
Received Financial Aid
11,815 (96.7%) of applicants with financial need
Need Fully Met
8,650 (73.2%) of aid recipients
Average Percent of Need Met
92%
Average Award
$30,333
Need-Based Gift
Received by 9,934 (84.1%) of aid recipients, average amount $23,118
Need-Based Self-Help
Received by 9,072 (76.8%) of aid recipients, average amount $5,143
Merit-Based Gift
Received by 8,112 (68.7%) of aid recipients
3,173 (10.6%) of undergraduates had no financial need and received merit aid, average amount $5,673
All Undergraduates
2018 Graduates Who Took Out Loans
37%
Average Indebtedness of 2018 Graduates
$26,600
Financial Aid Programs
Financial Aid Programs
expand icon
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
TEACH Grants
Iraq and Afghanistan Service Grants
Michigan Competitive Scholarships
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
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
$2,826
Undergraduate and Undergraduate Financial Aid data displayed on CollegeData’s college profiles is from the 2020-21 academic year.
A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2021 Peterson's LLC. All rights reserved.