University of Michigan Ann Arbor: Tuition & Loans

Overall Rating: Overall Ranking - OustandingQuality: Education Quality Rating - OustandingSafety: Capmus Safety Rating - Very BadCosts: Tuition & Fees Cost Rating - Bad
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Tuition and fees per year
$40,600
Average tuition costs at University of Michigan Ann Arbor are extremely high - $40,400 per year. The additional fees at University of Michigan Ann Arbor not covered by tuition are around $200, which makes it a total of $40,600 annually.

If you are thinking about a lower priced college in Michigan - take a look at the Affordable Colleges in Michigan 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, which is a good bargain if compared to other colleges in Michigan.

FAFSA Application

FAFSA Code
2015-2016
E00398
If you would like to file your FAFSA application for Federal Student Aid, the school 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 grants and loans to eligible applicants. 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
2%
The government reported that the median federal student loan amount for University of Michigan Ann Arbor is approximately $7,000.

At the same time, 1.80% of the recent University of Michigan Ann Arbor graduates have failed to maintain their federal student loan repayments in 2012

This rate of loan repayment defaults (1.80%) is 1 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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